Kosovo Transmission Development Project

Location:

Kosovo

Project number:

45552

Business sector:

Power and energy

Notice type:

Public

Environmental category:

B

Target board date:

09 Jul 2014

Status:

Disbursing

PSD disclosed:

17 Feb 2014

Translated version of this PSD: Albanian

Project Description

The EBRD is considering providing a corporate loan of up to €30 million to the public service company Transmission, System and Market Operator j.s.c. (KOSTT) to finance the rehabilitation of selected substations and transformers and strengthening the grid at the 110kV level.

The project will assist KOSTT in achieving compliance with the N-1 electricity transmission grid security criteria, a key technical requirement of the European Network of Transmission System Operators for Electricity (ENTSO-E).

Transition Impact

The transition impact potential of the project stems primarily from the following:

  • Expansion of competitive market interactions in other sectors: The project will assist KOSTT in achieving ENTSO-E’s technical requirements, thereby supporting market integration by enabling KOSTT to manage a liberalised market system.
  • Setting standards for corporate governance and business conduct: The EBRD loan will be the first non-sovereign guaranteed loan to a public company in Kosovoand this is expected to have a demonstration effect to both domestic and foreign financiers of new ways to finance projects.

The Client

Kosovo Transmission, System and Market Operator j.s.c. (KOSTT).

EBRD Finance

Up to €30 million.

Project Cost

€36.5 million.

Environmental Impact

Category B.  An Initial Environmental and Social Examination (IESE) confirmed that the Project is a B category in accordance with the Bank’s Environmental and Social Policy, requiring an Environmental and Social Due Diligence (ESDD). The IESE confirmed that none of the projects to be financed by the Bank will be located in sensitive areas, such as Natura 2000 (or equivalent), or be associated with resettlement or public health implications. Some of the projects will require an EIA under National legislation and would fall under Annex II of the EU EIA Directive.

The IESE confirmed that the Company has the capacity to fully implement the Bank’s PRs, and is in the process of implementing ISO 14001 and OHSAS 18001.

The Bank will undertake further ESDD and among others, develop a Stakeholder Engagement Plan (SEP) as well as a Non-Technical Summary (NTS) for each subproject. Based on the ESDD an Environmental and Social Action Plan (ESAP) will be developed and agreed with the Company.

The PSD will be updated once the ESDD is completed.

Technical Cooperation

The EBRD is exploring associated technical cooperation projects to assist KOSTT with Environmental and Social Due Diligence; to assist with the implementation of the project; and capacity building assistance for KOSTT.

 

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

Project Complaint Mechanism (PCM)

The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.

Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (pcm@ebrd.com) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.