Kyrgyzstan Sustainable Energy Financing Facility (KyrSEFF)

Location:

Kyrgyz Republic

Project number:

43348

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Target board date:

12 Dec 2012

Status:

Board Approved

PSD disclosed:

09 Oct 2012

Sub-projects signed under this framework

Translated version of this PSD: Russian

Project Description

The EBRD is considering establishing a new financing facility of up to USD 20 million to support energy efficiency investments in the Kyrgyz Republic. The project will consist of credit lines to local banks and MFIs for on-lending to private businesses, households, individuals, groups of residents, housing associations, condominiums and cooperatives as well as housing management companies (HMCOs) and energy service companies (ESCOs) for financing eligible energy efficiency investments.

In addition to the EBRD financing, the facility will be supported by a grant from the EU through the Investment Facility for Central Asia (IFCA) to fund technical cooperation and incentive payments to the sub-borrowers and participating financial institutions.

Transition Impact

The Project is expected to have the following sources of transition impact:

  • Market expansion and demonstration effect
    The Project will generate transition impact by demonstrating the benefits of energy conservation and promoting the expansion of energy efficiency lending to sectors where commercial financing is absent and in a country characterized by energy inefficient economy and largely constrained market
  • Transfer of skills
    The Project is expected to transfer and build expertise and skills on several levels: (i) Participating Financial Institutions, (ii) Sub-borrowers and local experts and technology providers.
  • Strengthening the structure and extent of markets/promoting policies that support market transformation
    The Project will support the on-going legislative changes in the area of energy efficiency, including strengthening of housing regulations and construction standards

The Client

KyrSEFF will be available to privately owned banks and microfinance institutions in Kyrgyzstan (Participating Financial Institutions or PFIs).

EBRD Finance

USD 20 million in senior loans.

Project Cost

USD 20 million.

Environmental Impact

Categorised FI. PFIs will be required to comply with PR 2 & 9 and ensure the sub-projects under the KyrSEFF comply with national requirements for environment, health and safety, social and labour standards and the EBRD's eligibility criteria for energy efficiency projects. PFIs are also required to submit annual environmental and social reports to the Bank.

Technical Cooperation

Technical cooperation will be funded by IFCA.

The EBRD will engage a project consultant to support the partner banks and sub-borrowers with project preparation and implementation.

Company Contact

Ruslan Kurmanbekov
Associate banker
Tel. +996 312 624022
Email: kurmanbr@ebrd.com

 

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)

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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.