Translated version of this PSD: Russian
The EBRD is considering extending financing to JSC Russian Grids (the “Company”) to finance part of its investment program focusing on modernisation of the existing electricity distribution network and introduction of smart grid elements.
As part of the facility, the Bank will provide a TC assignment with technical assistance to the Company to review the investment projects and provide recommendations on their design to ensure it incorporates smart grid functional in line with best international practices (including inter alia modern communication systems, real time monitoring and data feed, remote control and automatic operation). The Project will contribute to improvements in the standards of business conduct through the identification of cost/efficiency savings that could be implemented in other areas.
JSC Russian Grids is the largest electricity transmission and distribution grid company in Russia. JSC Russian Grids holds interests in and manages the Federal Grid Company (national transmission network), 11 interregional (MRSK) and 5 regional (RSK) distribution grid companies across Russia. The Company together with its subsidiaries owns and operates approximately 2.2 million kilometers of electricity transmission and distribution lines with a total installed transformer capacity of approximately 739 GVA. The Company operates in 68 regions of Russia through its distribution subsidiaries and in 73 regions of Russia through FGC.
Financing preferably in the form of a loan to JSC Russian Grids in the amount of up to RUB 10 billion.
RUB 10 billion.
Environmental and social issues associated with development of a number of (low-medium) electricity substations can be readily assessed and mitigated as part of an Environmental and Social Due Diligence (ESDD). As part of this project the Bank will undertake an ESDD to review the current status of the Company in terms of EHS management and compliance with National legislation and the Banks PRs. Based on the ESDD an Environmental and Social Action Plan (ESAP) and Stakeholder Engagement Plan (SEP) will be developed and agreed with the Company. Specific focus will placed on safety and development of procedures to standardize EHS management and stakeholder engagement.
The PSD will be updated once the ESDD is complete and ESAP agreed.
A TC assignment will be provided, under the existing framework program for the sustainable development of the power sector, in order to review the investment projects and propose improvements that will make the modernization projects compatible with the smart grid operational requirements in line with the international best practices.
For business opportunities or procurement, contact the client company.
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Tel: +44 20 7338 7168
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