Uzbekistan Karakalpakstan WPP

Mission Description

The availability of long-term senior debt of as much as US$ 24.5 million for the event, development and operation of a wind energy plant with an put in capability of 100 MW on a website within the Karatau mountain area within the Qorao’zak District of Karakalpakstan, Republic of Uzbekistan.  The Mission shall be developed by a newly established particular goal automobile in Uzbekistan, which can act because the borrower for the mission financing.  The ACWA Energy Firm -of Saudi Arabia (ACWA Energy) will act because the sponsor for the mission.

Mission Aims

The Mission will add 100 MW of wind era capability to the Uzbekistan energy system.  The mission will contribute to the strategic precedence of the federal government of Uzbekistan to enhance the share of renewable initiatives within the nationwide vitality combine, helping the nation in its low-carbon transition drive.  The Mission can even end in sturdy environmental advantages with estimated annual CO2 emissions financial savings of as much as 200,000 tonnes. 

Transition Impression

ETI rating: 69

The transition affect of the Mission will stem from its alignment with the EBRD’s Inexperienced Financial system Transition method (GET) as it can enable producing electrical energy utilizing wind energy, which can help the nation in its low-carbon transition, decreasing its present excessive reliance on thermal energy era.

The transition affect of the Mission can be anticipated to stem from its contribution to the presently state-dominated Uzbekistan energy sector by including new capability underneath personal possession. 

Shopper Info

ACWA POWER WIND KARATAU LLC

ACWA Energy Wind Karatau LLC (the Borrower) is a restricted legal responsibility firm included in Uzbekistan for the only real goal of the Mission.

ACWA Energy is a world developer of energy era, desalinated water and inexperienced hydrogen manufacturing initiatives.

EBRD Finance Abstract

USD 24,500,000.00

As much as US$ 24.5 million mortgage to the Borrower to finance the event of a 100 MW wind energy plant mission.  Together with the EBRD, various different worldwide monetary establishments are anticipated to help the Mission.

Complete Mission Value

USD 107,400,000.00

The mission price will encompass EPC, non- EPC and financing prices.

Additionality

Financing construction: The Financial institution provides financing on phrases and situations not accessible within the native marketplace for this main infrastructure mission, significantly in view of the restricted liquidity brought on by the Covid-19 pandemic.

Coverage, sector, institutional, or regulatory change: The Financial institution is actively concerned within the improvement of coverage dialogue in Uzbekistan.  The Mission is a key milestone for the nation’s renewables sector as it’s the first tendered wind energy mission in Uzbekistan.

Environmental and Social Abstract

Categorised B (Environmental and Social Coverage – ESP 2019) and Excessive to Medium Threat as a result of wind sector and potential impacts on biodiversity and land use.

Preliminary data means that the Mission shouldn’t be positioned in a proximity to any protected or delicate areas.  Financial institution has supported preparation of the wind public sale for this website, together with one-year fowl survey and collision danger modelling, which suggests the collision dangers are to be low, which needs to be verified as soon as the Wind Energy Plant design and turbine areas are decided.

The Shopper is well-known to the Financial institution via earlier mission in Uzbekistan, has the well-established Environmental & Social (E&S) administration methods, and has been duly implementing the Environmental and Social Motion Plan (ESAP) agreed for the earlier transactions.  Environmental and Social Due Diligence (ESDD) for the Mission is presently being undertaken by an impartial E&S Guide and can embrace evaluate of the Shopper’s Environmental and Social Impression Evaluation (ESIA) documentation, evaluation of cumulative impacts from the Mission and the related infrastructure, group and livelihood impacts ensuing from land take and operation of wind farm, social, labour and security facets throughout development and operation, in addition to ongoing provide chain danger evaluation administration.  Gender points/dangers shall be additionally assessed in step with the EBRD Efficiency Necessities.  The ESDD will set up want in extra avifauna survey and mitigation measures based mostly on a fowl collision danger evaluation.

The Firm has developed a draft Non-Technical Abstract (NTS) and Stakeholder Engagement Plan (SEP), which shall be based mostly on the environmental and social assessments carried out for the mission.  This Mission Abstract Description (PSD) shall be up to date as soon as ESIA is full.  

Technical Cooperation and Grant Financing

N/A

Firm Contact Info

Javid Alifli
jalifli@acwapower.com
+994 12 465 99 38
https://acwapower.com/

PSD final up to date

17 Jun 2022

Understanding Transition

Additional data concerning the EBRD’s method to measuring transition affect is out there right here.

Enterprise alternatives

For enterprise alternatives or procurement, contact the consumer firm.

For enterprise alternatives with EBRD (not associated to procurement) contact:

Tel: +44 20 7338 7168

E mail: projectenquiries@ebrd.com

For state-sector initiatives, go to EBRD Procurement:

Tel: +44 20 7338 6794

E mail: procurement@ebrd.com

Normal enquiries

Particular enquiries could be made utilizing the EBRD Enquiries type.

Environmental and Social Coverage (ESP)

The ESP and the related Efficiency Necessities (PRs) set out the methods by which the EBRD implements its dedication to selling “environmentally sound and sustainable improvement”.  The ESP and the PRs embrace particular provisions for shoppers to adjust to the relevant necessities of nationwide legal guidelines on public data and session in addition to to ascertain a grievance mechanism to obtain and facilitate decision of stakeholders’ considerations and grievances, particularly, about environmental and social efficiency of the consumer and the mission. Proportionate to the character and scale of a mission’s environmental and social dangers and impacts, the EBRD moreover requires its shoppers to reveal data, as acceptable, in regards to the dangers and impacts arising from initiatives or to undertake significant session with stakeholders and contemplate and reply to their suggestions.

Extra data on the EBRD’s practices on this regard is about out within the ESP.

Integrity and Compliance

The EBRD’s Workplace of the Chief Compliance Officer (OCCO) promotes good governance and ensures that the best requirements of integrity are utilized to all actions of the Financial institution in accordance with worldwide greatest observe. Integrity due diligence is performed on all Financial institution shoppers to make sure that initiatives don’t current unacceptable integrity or reputational dangers to the Financial institution. The Financial institution believes that figuring out and resolving points on the mission evaluation approval phases is the best technique of making certain the integrity of Financial institution transactions. OCCO performs a key position in these protecting efforts, and likewise helps to observe integrity dangers in initiatives post-investment.

OCCO can be accountable for investigating allegations of fraud, corruption and misconduct in EBRD-financed initiatives. Anybody, each inside or exterior the Financial institution, who suspects fraud or corruption ought to submit a written report back to the Chief Compliance Officer by e-mail to compliance@ebrd.com. All issues reported shall be dealt with by OCCO for follow-up. All studies, together with nameless ones, shall be reviewed. Stories could be made in any language of the Financial institution or of the Financial institution’s nations of operation. The knowledge supplied have to be made in good religion.

Entry to Info Coverage (AIP)

The AIP units out how the EBRD discloses data and consults with its stakeholders in order to advertise higher consciousness and understanding of its methods, insurance policies and operations following its entry into drive on 1 January 2020. Please go to the Entry to Info Coverage web page to seek out out what data is out there from the EBRD web site.

Particular requests for data could be made utilizing the EBRD Enquiries type.

Unbiased Mission Accountability Mechanism (IPAM)

If efforts to handle environmental, social or public disclosure considerations with the Shopper or the Financial institution are unsuccessful (e.g. via the Shopper’s Mission-level grievance mechanism or via direct engagement with Financial institution administration), people and organisations could search to handle their considerations via the EBRD’s Unbiased Mission Accountability Mechanism (IPAM).

IPAM independently opinions Mission points which are believed to have triggered (or to be prone to trigger) hurt. The aim of the Mechanism is: to help dialogue between Mission stakeholders to resolve environmental, social and public disclosure points; to find out whether or not the Financial institution has complied with its Environmental and Social Coverage or Mission-specific provisions of its Entry to Info Coverage; and the place relevant, to handle any current non-compliance with these insurance policies, whereas stopping future non-compliance by the Financial institution.

Please go to the Unbiased Mission Accountability Mechanism webpage to seek out out extra about IPAM and its mandate; the way to submit a Request for evaluate; or contact IPAM  by way of e-mail ipam@ebrd.com to get steerage and extra data on IPAM and the way to submit a request.