Translated version of this PSD: Russian
Provision of up to USD 42.5 million equivalent in KZT long-term senior debt financing for the development, construction and operation of a solar photovoltaic power plant with an installed capacity of 63 MWp located in Chulakkurgan rural dstrict, in the south of Kazakhstan.
The project will support Kazakhstan in increasing the share of renewable energy in Kazakhstan's energy mix and it will contribute to achieving the Kazakh government goal of non-hydro renewable energy accounting for 3 % of all power generation by 2020.
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.
YUKSES 50 LLP
YUKSES 50 LLP is a Special Purpose Vehicle ("SPV") established for development, construction and operation of the Chulakkurgan solar photovoltaic power plant with capacity of 63 MW. The Borrower is fully owned by Risen Energy (China).
EBRD Finance Summary
USD 42.5 million.
Total Project Cost
USD 75 million
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.
TC funding will be 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
7 Floor, No. 588 Dongdaming Road, Metersbonwe Building, Hongkou District, Shanghai, PRC
For business opportunities or procurement, contact the client company.
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
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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 how to submit a Request for review through our confidential online form, by email, mail or telephone. IPAM is available to discuss your concerns and answer any questions you may have about the submission or handling of Requests, which follow the Project Accountability Policy and Guidance. Requestors’ identities may be kept confidential, upon request.