The provision of sovereign debt facilities for an aggregate amount of up to € 100 million to facilitate the rehabilitation of power sector of 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 smart meters and the introduction of ASKUE (automated system for commercial metering of electricity) with overall target of improving access to reliable power infrastructure.
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 Trnsition Impactwill 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 Republic of Tajikistan and on-lent to Electricity Distribution Company, Electricity Transmission Company or Electricity Generation Company established as part of Barqi Tojik unbundling.
EBRD Finance Summary
The Framework will be co-financed with IFI/DFI.
Total Project Cost
Environmental and Social Summary
Under the 2014 E&S Policy the Framework itself will not be categorised and each sub-project will be subject to full project and sponsor-specific environmental and social due diligence with the support of an independent consultant. A project specific 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 subprojects will be categorised B. Any Project that is categorized as A will be subject the Bank's full ESIA requirements. TC funds will be mobilised to support the Framework implementation with capacity building program and support to development of good international practice at corporate level.
Technical Cooperation and Grant Financing
TC funding will be sought to finance capacity building to a newly established regulatory unit and support project implementation units with the preparation and implementation of sub-projects under the Framework.
Company Contact Information
To be provided separately for each sub-project
PSD last updated
06 Mar 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 email@example.com. 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.
Project Complaint Mechanism (PCM)
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 accountability mechanism.
The accountability mechanism 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 our webpage to find out how to submit a complaint through the confidential online form, by email, mail or telephone. We are available to discuss your concerns and answer any questions you may have about the submission or handling of complaints. Complainants’ identities may be kept confidential upon request.