European bank funds Kazakhstan efficiency, renewables program

The European Bank for Reconstruction and Development (EBRD) has approved a US$75 million lending framework to Kazakhstan for energy efficiency and renewable energy projects potentially including hydropower.

As a first project under the framework, the bank said December 10 it approved a US$10 million loan to Bank Center Credit of Kazakhstan for on-lending to local companies.

The framework also includes donor-funded technical assistance to help companies identify areas of energy losses, propose technical solutions for lowering energy consumption, and project preparation. The maximum sub-loan to companies that want to invest in energy efficiency and renewables will be US$7 million, with the average loan size expected to be in the range between US$250,000 and US$2 million.

EBRD said each sub-project will undergo environmental and other reviews to ensure compliance with national standards. It said special attention will be paid to sensitive projects, such as small hydropower cascades and wind power developments.

For information, contact European Bank for Reconstruction and Development, Michalis Kiourktsoglou, Operation Leader, Financial Institutions, One Exchange Square, London EC2A 2JN United Kingdom; (44) 2073386734; E-mail: kiourktm@ebrd.com; Internet: www.ebrd.com.

Kazakhstan seeks consultant to advance generation market

EBRD and Kazakhstan’s Ministry for Energy and Mineral Resources invite expressions of interest from consultants by January 16, 2009, to help develop a Kazakhstan competitive generation market.

Although many energy companies have been privatized, end-user tariffs remain regulated and the country faces a growing shortage of generating capacity. To improve the situation the bank and the ministry propose a three-component program.

Component 1 includes a least-cost investment study to advance energy balance through construction of new generation, transmission, and demand-reduction measures. Component 2 includes a market analysis and options presentation to stimulate new investment and reform. The budget for the two components is 650,000 euros (US$873,720).

Component 3 is a possible extension of the program that could be initiated by the ministry setting out a detailed framework for implementation of a reform option. Potential budget for component 3 is 150,000 euros (US$201,605).

Consultants are invited to submit expressions of interest, in English, not to exceed 20 pages including resumes. Expressions of interest are due January 16, 2009, submitted electronically via EBRD’s eSelection site on the Internet at https://eselection.ebrd.com.

For information, contact Andrea Baldan, European Bank for Reconstruction and Development, One Exchange Square, London EC2A 2JN United Kingdom; (44) 20-73387307; Fax: (44) 20-73387451; E-mail: baldana@ebrd.com; Internet: www.ebrd.com.

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