The provision of sovereign or sovereign guaranteed debt facilities for an aggregate amount of up to € 43 million to facilitate the modernisation and strengthening of the electricity networks in Tajikistan.
Financing under the Framework will enable authorities to rehabilitate the existing electricity distribution and transmission infrastructure, improve energy efficiency and reduce CO2 emissions. This will be achieved through the installation of billing and metering infrastructure and rehabilitation of distribution lines with overall target of improving access to reliable power infrastructure.
ETI score: null
The primary goal of the Framework is to improve energy efficiency in the sector and provide access to the reliable power sector infrastructure. The Framework's Transition Impact will be based on Resilient and Inclusion qualities including additional targets on network improvement. The envisaged policy dialogue activities include improvements of the regulatory regime in terms of capacity building of a newly established regulator. By targeting investment into energy efficiency improvement, the Framework will strongly contribute towards Green Economy Transition and development of environmentally sustainable economy.
The EBRD loans under the Framework will be provided to the newly established companies following the unbundling of JSC Barki Tojik, a state-owned vertically integrated power utility, responsible for generation, transmission and distribution of electricity in Tajikistan ("BT").
EBRD Finance Summary
The Framework will be co-financed with IFI/DFI.
Total Project Cost
The Bank provides long-term financing necessary to structure the projects under the Framework. The Bank's technical, institutional and regulatory expertise with the turnaround of national utilities, technical cooperation and policy dialogue are complementary to the ongoing work in the power sector of Tajikistan.
Environmental and Social Summary
The Framework itself is not categorised under the Bank's 2014 Environmental and Social Policy; however each sub-project will be categorised on a case by case basis and will be subject to individual environmental and social due diligence (ESDD) with the support of an independent consultant. A Non-Technical Summary (NTS), environmental and social action plan (ESAP) and SEP (if required) will be developed for each sub-project to ensure compliance with the EBRD PRs. It is anticipated that the sub-projects will be categorised B. Any sub-project that is categorised A will be subject to the Bank's full ESIA requirements and will require Board approval.
Preliminary analysis of sub-projects under the currently envisaged pipeline indicates that potential environmental and social risks and impacts could include occupational health and safety, demobilisation of fee collectors and stakeholder engagement associated with the introduction of new payment methods (smart metering).
TC funds will be mobilised to support the Framework implementation with i) capacity building program targeting BT environmental specialists, ii) support to development of good international practice at corporate level. Discussions about the scope of this E&S support assignment have been initiated with BT.
Technical Cooperation and Grant Financing
Each sub-project will have individually designed pre- and post-signing TCs. TC funding will be sought to finance capacity building to a newly established regulatory unit, to support the Project Entities in designing the Youth Inclusion component, as well as the planned gender-sensitive outreach activities and support project implementation units with the preparation and implementation of sub-projects under the Framework to be financed by international donors or the EBRD Shareholder Special Fund (the "SSF").
Company Contact Information
To be provided separately for each sub-project
PSD last updated
07 Oct 2020
Further information regarding the EBRD’s approach to measuring transition impact is available here.
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Environmental and Social Policy (ESP)
The ESP and the associated Performance Requirements (PRs) set out the ways in which the EBRD implements its commitment to promoting “environmentally sound and sustainable development”. The ESP and the PRs include specific provisions for clients to comply with the applicable requirements of national laws on public information and consultation as well as to establish a grievance mechanism to receive and facilitate resolution of stakeholders’ concerns and grievances, in particular, about environmental and social performance of the client and the project. Proportionate to the nature and scale of a project’s environmental and social risks and impacts, the EBRD additionally requires its clients to disclose information, as appropriate, about the risks and impacts arising from projects or to undertake meaningful consultation with stakeholders and consider and respond to their feedback.
More information on the EBRD’s practices in this regard is set out in the ESP.
Integrity and Compliance
The EBRD's Office of the Chief Compliance Officer (OCCO) promotes good governance and ensures that the highest standards of integrity are applied to all activities of the Bank in accordance with international best practice. Integrity due diligence is conducted on all Bank clients to ensure that projects do not present unacceptable integrity or reputational risks to the Bank. The Bank believes that identifying and resolving issues at the project assessment approval stages is the most effective means of ensuring the integrity of Bank transactions. OCCO plays a key role in these protective efforts, and also helps to monitor integrity risks in projects post-investment.
OCCO is also responsible for investigating allegations of fraud, corruption and misconduct in EBRD-financed projects. Anyone, both within or outside the Bank, who suspects fraud or corruption should submit a written report to the Chief Compliance Officer by email to firstname.lastname@example.org. All matters reported will be handled by OCCO for follow-up. All reports, including anonymous ones, will be reviewed. Reports can be made in any language of the Bank or of the Bank's countries of operation. The information provided must be made in good faith.
Access to Information Policy (AIP)
The AIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations following its entry into force on 1 January 2020. Please visit the Access to Information Policy page to find out what information is available from the EBRD website.
Specific requests for information can be made using the EBRD Enquiries form.
Independent Project Accountability Mechanism (IPAM)
If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).
IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.
Please visit the Independent Project Accountability Mechanism webpage to find out more about IPAM and its mandate; how to submit a Request for review; or contact IPAM via email email@example.com to get guidance and more information on IPAM and how to submit a request.