Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Tajikistan
Location: Sugd
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • European Bank for Reconstruction and Development (EBRD)
Status: Pending Board Approval
Bank Risk Rating: B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2017-07-18
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: Barki Tojik
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Energy
  • Hydropower
Investment Type(s): Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 38.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD): $ 126.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.

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Primary Source

Original disclosure @ EBRD website
Updated in EWS: 2017-08-11
Disclosure Date: 2016-03-10
Qairokkum HPP Climate Resilience Upgrade
EBRD-47253

Project Description
This project finances the priority rehabilitation and modernization at the Qairokkum hydro power plant, the only power generation facility in the Sugd region of Northern Tajikistan. This includes replacing 4 generation units and rehabilitating related infrastructure to increase the installed capacity from 126MW to 174MW with new turbines.
Investment Description
The loan will be on-lent to Open Stock Holding Company "Barki Tojik" (OSHC Barki Tojik), an existing client of the Bank, a 100% state-owned vertically integrated power utility accounting for about 80% of domestic power output and responsible for transmission and distribution of electricity in most of Tajikistan.
Contact Information
Mr. Saidov Saidmumin, Executive Director of Project Realisation Group for Energy Loss Reduction Project elrpbt@gmail.com +992-37-235-87-64 www.barqitojik.tj 64, I.Somoni Street, Room 302, Dushanbe 734026, Republic of Tajikistan ACCOUNTABILITY MECHANISM OF EBRD The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD’s own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.
Bank Documents