Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Tajikistan
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • Green Climate Fund (GCF)
Status: Approved
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: 2017-04-01
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: Republic of Tajikistan, Ministry of Finance
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Climate and Environment
  • Hydropower
Investment Type(s): Grant, Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 50.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD): $ 27.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Grant Amount (USD): $ 23.00 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): $ 133.00 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 @ GCF website
Updated in EWS: 2018-01-17
Tajikistan: Scaling Up Hydropower Sector Climate Resilience
GCF-FP040

Project Description
According to GCF website, Hydropower provides approximately 98% of Tajikistan’s electricity. Tajikistan’s hydropower plants depend on river basins fed by glacial melt water and snowmelt. However, as the climate warms, most climate models predict significant changes in the dynamics of the Tajik precipitation patterns as well as alterations to the country’s glaciers. The modernisation of a major hydropower facility in Tajikistan will protect it against future climate conditions. The infrastructure of Tajik hydropower facilities dates from the Soviet era and needs renewal to cope with the observed and projected impacts of climate change that is leading to increased hydrological variability. In particular, there is an urgent need to adapt older dams, especially their spillway capacities, to cope with the new climate conditions, including an increase in severe floods. There are three key components to the project: 1. Best international practices will be adopted, and Tajik hydropower operators trained, to assess and manage climate risks. 2. Institutional capacities and structures for effective transboundary management of hydropower cascades will be developed, within the context of transboundary cooperation and agreements in the region. 3. Climate resilience measures will be integrated into the hydropower facility, including structural rehabilitation to optimize its resilience to climate change.
Investment Description
Contact Information
Mr. Ryan Alexander European Bank for Reconstruction and Development (EBRD) Telephone No.: +44 20 7338 6056 Email Address: alexandr@ebrd.com Mr. Jan-Willem Van de Ven European Bank for Reconstruction and Development (EBRD) Telephone No.: +44 20 7338 7821 Email Address: vandevej@ebrd.com ACCOUNTABILITY MECHANISM OF GREEN CLIMATE FUND The Independent Redress Mechanism (IRM) is the independent complaint mechanism for a person or people who have been or believe they are likely to be adversely affected by a project or programme funded by the Green Climate Fund. If you submit a complaint to the IRM, it may seek to address the issues raised by facilitating a problem-solving dialogue or, if that is not possible, conducting an independent investigation into whether the GCF has complied with its environmental and social policies. The IRM is newly created and is still in the process of developing its procedures and website. More information about the IRM and how you can file a complaint is forthcoming. You can contact the IRM at irm@gcfund.org.
Bank Documents