Translated version of this PSD: Russian
The EBRD is considering provision of debt financing for construction, connection to the power transmission grid, commissioning and launch of a greenfield 29 MWp solar power plant located in the Zhambyl region, Southern Kazakhstan.
The proposed operation will contribute to expansion of private sector and support further development of the evoving renewables sector in Kazakhstan.
Through the Project the Bank will be able to: (a) facilitate achievement of the target on the share of renewable power generation at a country level (3% of total generation by 2020); (b) partially substitute carbon intensive power generation in the north; and (c) introduce a new foreign private investor to the power sector of Kazakhstan.
It is expected the project will allow reduction of CO2 emission by 45,000 tons per annum.
ACME CLEANTECH SOLUTIONS PRIVATE LIMITED
ACME Cleantech Solutions Private Limited is a private Indian holding company responsible for energy conservation, energy management and energy generation. Current projects portfolio of ACME Cleantech Solutions Private Limited is represented by over 1.1 GW of solar capacity in India (both operational and under construction).
EBRD Finance Summary
A senior loan of up to USD 24 million
Total Project Cost
Environmental and Social Summary
Categorised B (2014 ESP). An independent Environmental and Social Due Diligence (ESDD) has confirmed that the environmental and social issues associated with the construction of a new solar power plant are site specific and readily mitigated. ESDD showed that the Company has the capacity to implement the Bank's Performance Requirements (PRs) and that the technology is state-of-the-art and in line with good international practice. An ESAP has been developed to structure the project to meet the Bank's PRs. A local EIA has been prepared for the Project and it has been approved by the local environmental authorities.
The Project is not located near to sensitive receptors or protected areas and will have a minimal impact on biodiversity and natural resource use. The project will help address the local energy supply needs and allow for further economic development in the area and it will also potentially provide job opportunities during construction and to a lesser extent during operation. The key issue is associated with land use and interaction with the local community. The ESDD has confirmed that environmental and social impacts associated with the reduction of pasture lands is not significant due to availability of alternative pastures. As such, it is not expected that livelihoods of cattle owners will be affected.
A Stakeholder Engagement Plan (SEP) has been developed and a Corporate Social Responsibility (CSR) programme aimed at community development and increasing awareness of the project is being developed. The CSR programme includes, among others, a commitment of around 10 thousand USD per annum to support the local community.
The ESAP requires the Company implement a robust Environmental, Health and Safety (EHS) management system to cover both construction (including contractors) and future operation as well as implementation of the CSR and SEP.
The Bank will work closely with the Company to finalise the CSR programme and monitor the implementation of the ESAP.
TC assignments under the existing power sector framework programmes for technical and environmental due diligence and project preparation.
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Project Complaint Mechanism (PCM)
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