Russian Grids Modernisation Loan



Project number:


Business sector:

Power and energy

Notice type:


Environmental category:


Translated version of this PSD: Russian

Project Description

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.

Transition Impact

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.

The Client

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.

EBRD Finance

Financing preferably in the form of a loan to JSC Russian Grids in the amount of up to RUB 10 billion.

Project Cost

RUB 10 billion.

Environmental Impact

Category B.

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.

Technical Cooperation

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.


Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168

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

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.

Share this page: