Altan

Location:

Russia

Project number:

42873

Business sector:

Agribusiness

Notice type:

Private

Environmental category:

B

Approval date:

12 Dec 2011

Status:

Complete

PSD disclosed:

13 Oct 2011

Translated version of this PSD: Russian
 

Project Description

The EBRD is considering provision of a senior secured loan of RUB 200 million to finance increase of pasta production capacity and support distribution of Altan products throughout Russia as well as partial debt refinancing.

Transition Impact

Transition impact potential will derive mainly from backward linkages to local farmers in Siberia, including by providing various services to the client’s third party suppliers of agricultural raw materials. Altan is also expected to set standards to other industry participants in Siberia via efficient procurement, collection and storage as well as through energy efficiency and corporate governance improvements.

The Client

CJSC “NPF Altan” a closed joint stock company, a leading pasta producer in Siberia.

EBRD Finance

RUB 200 million senior secured loan for the account of EBRD.

Project Cost

RUB 285 million.

Environmental Impact

The proposed project has been categorised B in accordance with the 2008 EBRD Environmental and Social (E&S) Policy, as the potential impacts are expected to be site specific and readily identifiable and addressed through mitigation measures.

The environmental and social due diligence for the project, which is ongoing includes environmental and social audit to assess the Client’s management capacity and systems to manage environment, health, safety and labour issues in its operations and an analysis of the potential (future) E&S impacts and benefits. It will also assess the Client’s ability to carry out the Project in compliance with the Bank’s Performance Requirements.

Based on the findings of due diligence, if necessary, an Environmental and Social Action Plan (ESAP) will be prepared and agreed with the Company to address any environmental and social issues identified within a reasonable time-frame.

This PSD will be updated when the results of due diligence are known.

Technical Cooperation

None.

Company Contact

Olga Karjukina, Deputy CEO
Tel.: +7 3852 366-410
E-mail: info@altan.ru

 
 

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP 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. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

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