USELF: NBT Syvash Wind

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 50215

Status Repaying

Location

Ukraine

Business Sector

Energy

Notice Type

Private

Project timeline

Exploratory
Passed Concept Review
Passed Structure Review
Passed Final Review
Board Approved
Signed
Implementing
Completed

Project ID 50215

Status Repaying

Location

Ukraine

Business Sector

Energy

Notice Type

Private

Environmental Category

Approval Date

28 Nov 2018

Disclosure date

15 Aug 2018

As per section 1.4.2 (iii) of the Directive on Access to Information: "For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD."

Translated version of this PSD: Ukrainian

Project Description

The provision of a senior A/B long-term loan of up to EUR 150 million to SyvashEnergoProm LLC (the "Borrower") to finance the construction and operation of an onshore wind farm with the total envisaged capacity of up to 250 MW located in Southern Ukraine (the "Project").

Project Objectives

The Project will help support the development of renewable energy in Ukraine and the overall decarbonisation of the energy sector.

Transition Impact

The Project will help Ukraine achieve its renewable energy targets and contribute to carbon savings.

Client Information

SYVASH ENERGO PROM LLC

The Borrower is a special purpose company incorporated in Ukraine and created to own, construct and operate the wind farm. The Borrower is owned by East Renewable Energy AB which is majority owned by NBT AS (the "Sponsor"). NBT AS is a Norwegian wind farm developer with operating wind farms in China.

EBRD Finance Summary

EUR 75,000,000.00

Long-term senior loan of up to EUR 150 million in an A/B structure, of which up to EUR 75 million would be funded from the EBRD resources and the remainder would be syndicated in a B-loan structure to eligible institutions. The remaining project financing is expected to be provided via parallel loans from IFIs, DFIs, and other investors.

Total Project Cost

EUR 369,000,000.00

Environmental and Social Summary

Category A (ESP 2014). An ESIA disclosure package was disclosed by the Sponsor in July 2018. No material questions or issues have arisen during the consultation process.

An independent consultant was retained to undertake Environmental and Social Due Diligence (ESDD) of the Project and the consultant has worked with the Sponsor and their adviser's to develop the ESIA disclosure package. ESDD confirmed that the Project will have limited impacts on any protected area, and environmental and social issues are site specific and readily identifiable and mitigated. The Project is structured to comply with the EBRD Performance Requirements and National and EU environmental legislation.

The ESDD also confirmed that the Sponsor has been implementing Environmental and Social best practice and has the institutional capacity to fully implement the Bank's Performance Requirements. ESDD further identified additional measures to be implemented as part of best practice and which have been included in an agreed ESAP. These comprise, inter alia, additional monitoring and the appointment of an independent expert to monitor and re-evaluate any bird and bat impacts, as well as support the Sponsor in the assessment of additional cumulative impacts. It should be noted that during the ESIA preparation, some wind turbine locations were changed in order to reduce impact on birds and noise impact to local residents.

The Project will not be associated with any physical displacement and a detailed assessment is presently being conducted on economic displacement impacts. A Corporate Social Responsibility (CSR) program is also being developed and agreed with the Client to plan and carry out impact investments in local communities.

Information on the Project can be obtained on the Company web site and EBRD web page.

The Bank will monitor the implementation of the Project.

There is an Environmental and Social Impact Assessment available for this project.

Technical Cooperation

None.

Company Contact Information

Børge Tvorg
bt@nbtas.no
+47 911 93 033
www.nbtas.no
Gulliver Business Center, 1A Sportyvna sq, 17th floor, Kiev, Ukraine

Transition impact

ETI Score:70

PSD last updated

24 Oct 2019

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

Project ID 50215

Status Repaying

Location

Ukraine

Environmental Category

Disclosure date

16 Jul 2018

Project description

The provision of a senior A/B long-term loan of up to EUR 150 million to SyvashEnergoPro LLC (the “Borrower”) to finance the construction and operation of a wind farm with an initial capacity of 125 MW (phase one) and the potential to be expanded to 250 MW (phases one and two) located in Southern Ukraine (the “Project”). The Borrower is a special purpose company incorporated in Ukraine and created to own, construct and operate the wind farm. The Borrower is owned by East Renewable Energy AB which is majority owned by NBT AS (the “Sponsor”).

The Project will help support the development of renewable energy in Ukraine and the overall decarbonisation of the energy sector.

ESIA disclosure package

Full package (zip file)

NTS: English | Ukrainian | Russian
SEP: English | Ukrainian
ESAP: English | Ukrainian

Full ESIA Availability

Full ESIA documentation on the Company web site and is available in Ukraine at:

NBT AS
Gulliver Business Center
1A Sportyvna sq, 17th floor
Kiev, Ukraine

And locally at

Sadova Street 33
Village Grygorivka
Chaplinskiy district
Kherson region
Ukraine

Enquiries

Environmental and social enquiries

Børge Tvorg
VP Project Finance
NBT AS
Filipstad Brygge 1
0252 Oslo, Norway
Mobile: +47 911 93 033
Email: bt@nbtas.no

And

Oksana Rakovich
Environmental & Social Manager
NBT AS
Gulliver Business Center
1A Sportyvna sq, 17th floor
Kiev, Ukraine
Mobile: +380 (96) 818 86 44
Email: es@nbtas.no

This document was prepared at an early stage of project development, before consideration by the EBRD Board of Directors. Details of a project may change following disclosure.

Environmental and Social Impact Assessments and ESIA summaries are produced by project sponsors, and the EBRD makes them available without any comment or implied endorsement. Any views expressed or statements made in the Environmental and Social Impact Assessment or the ESIA Summary do not necessarily reflect the views or opinions of the EBRD.

Last updated 25 June 2014

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

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USELF: NBT Syvash Wind

Project timeline

Translated version of this PSD: Ukrainian

Project Description

Project Objectives

Transition Impact

Client Information

EBRD Finance Summary

Total Project Cost

Environmental and Social Summary

Technical Cooperation

Company Contact Information

Transition impact

PSD last updated

Business opportunities

General enquiries

Public Information Policy (PIP)

Project description

ESIA disclosure package

Full ESIA Availability

Enquiries