Servolux

Location:

Belarus

Project number:

47618

Business sector:

Agribusiness

Notice type:

Private

Environmental category:

B

PSD disclosed:

17 Nov 2015

Translated version of this PSD: Russian

Project Description

The EBRD is considering a long-term loan of up to € 25 million to - Servolux CJSC and OJSC Smolevichi Broiler Factory (the "Companies"), broiler poultry production facilities located in Minsk and Mogilev regions correspondingly.

The loan will finance the Companies' capital investments aimed at modernisation of its facilities, including the construction of a modern waste water treatment facility and animal waste recycling, the implementation of certain resource efficiency measures and partial balance sheet restructuring (the "Project").

Transition Impact

The Project's transition impact is expected to derive from: more widespread private ownership; and setting standards for corporate governance and business conduct.

Client Information

SERVOLUX

OJSC Smolevichi Broiler Factory and CJSC Servolux, joint stock companies incorporated in the Republic of Belarus, are subsidiaries of Belarusian VServolux Group, leading private branded poultry producer and animal feed producer also engaged in meat processing, dairy products manufacturing and food retail trade in Belarus (the "Group").

EBRD Finance Summary

EUR 25,000,000.00

Loan for the account of EBRD.

Total Project Cost

EUR 25,000,000.00

Environmental and Social Summary

Categorised B under the 2014 Environmental and Social Policy. The EBRD financed project focuses on modernisation of several existing auxiliary facilities and boilers which will lead to improvements in energy and resource efficiency, reduction of greenhouse gas (GHG) emissions and better environmental standards in waste management and wastewater treatment. Environmental and social due diligence (ESDD) is currently ongoing, it included a site visit by ESD specialists and confirmed that the project will not require  any significant land acquisition or displacement and is not expected to involve any environmentally sensitive operations.

The Company operations are managed well and only a few issues will need to be improved for the project to reach the full compliance with EBRD PRs. An Environmental and Social Action Plan (ESAP) will be agreed with the Company for project implementation.

This section will be updated upon completion of the due diligence.

Technical Cooperation

None.

Company Contact Information

Andrei Volkov, CFO
mail@servolux.com
+375 222 327 334
+375 222 327 399
servolux.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)

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.

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