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Chulakkurgan Solar



Project number:


Business sector:


Notice type:


Environmental category:


Approval date:

17 Oct 2018



PSD disclosed:

14 Sep 2018

As permitted by paragraph 2.6 of Section III of the Access to Information Policy, disclosure of this PSD was deferred in accordance with paragraph 1.4.4 of the Directive on Access to Information.

Project Description

The provision of a long-term senior debt of up to US$ 32 million in KZT equivalent for the development, construction and operation of a solar photovoltaic power plant with an installed capacity of 50 MWp located in the Chulakkurgan district, south of Kazakhstan.

Project Objectives

The project will support Kazakhstan in increasing the share of renewable energy in Kazakhstan's energy mix and will contribute to achieving the country's goal of non-hydro renewable energy accounting for 3 per cent of all power generation by 2020.

Transition Impact

ETI score: 80

The transition impact stems from the fact that the Project will assist Kazakhstan in diversifying its coal-dependent power sector and reducing CO2 emissions. The project will also foster private ownership of renewables projects in the power generation sector.

Client Information


YUKSES 50 LLP is a Special Purpose Vehicle (SPV) established for the development, construction and operation of the Chulakkurgan solar photovoltaic power plant with capacity of 50 MW. The Borrower is fully owned by Risen Energy (China).

EBRD Finance Summary

USD 32,059,040.00

Total Project Cost

USD 57,639,000.00

Environmental and Social Summary

Category B (ESP 2014). Environmental and social risks and impacts associated with the construction and operation of a medium sized greenfield solar photovoltaic power plant were readily assessed as part of the independent Environmental and Social Due Diligence (ESDD) and can be mitigated via the agreed Environmental and Social Action Plan (ESAP). The Project is consistent with the GET approach and the GET share is 100%.

ESDD is ongoing and has confirmed to date that the site is not located in sensitive area and that the Company has the institutional capacity to fully implement the Bank's Performance Requirements (PRs) This will be further assessed and the Company will be require to implement good E&S management practices, implementation of the ESAP and monitoring. The on-going ESDD will further review the planned construction actives.

A number of the environmental and social management improvements will be included in the ESAP, inter alia: enhancement of the EHS management system, contractor and supply chain management, construction noise and emission reduction, Stakeholder Engagement Plan and grievance mechanism. In line with the approach taken with similar projects, as part of implementing the ESAP requirements, the Company will implement a Corporate Social Responsibility Program (CSRP) aimed at community development and outreach, including local social infrastructure, and increasing awareness of the Project. The ESAP will be agreed prior to signing the Project.

A Stakeholder Engagement Plan (SEP) and Non-Technical Summary (NTS) have been prepared and disclosed on the Company's web site.

The PSD will be updated based on the outcome of the ESDD and agreement of the ESAP. An NTS will also be attached.

Technical Cooperation and Grant Financing

TC funding was sought to co-finance due diligence costs subject to availability under the existing Kazakhstan Renewables Framework in accordance with the Framework's criteria.

Company Contact Information

Sisi Chen
+ (86)21-55785129
+86-21 55785129
7 Floor, No. 588 Dongdaming Road, Metersbonwe Building, Hongkou District, Shanghai, PRC

PSD last updated

13 Jan 2021

Understanding Transition

Further information regarding the EBRD’s approach to measuring transition impact is available here.

Business opportunities

For business opportunities or procurement, contact the client company.

For business opportunities with EBRD (not related to procurement) contact:

Tel: +44 20 7338 7168

For state-sector projects, visit EBRD Procurement:

Tel: +44 20 7338 6794

General enquiries

Specific enquiries can be made using the EBRD Enquiries form.

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 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 to get guidance and more information on IPAM and how to submit a request.


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