Projects Database Map: GEFF Uzbekistan - Bank Ipak Yuli Loan II
Remarks
-
Beneficiary
UZB
Start / End year
2022 - -
Sector
Climate
Sub-sector
Climate finance
Project description
Loan proceeds will be lent to eligible sub-borrowers implementing eligible sub-projects in line with technical and financial eligibility criteria; sub-borrowers will be eligible for investment incentives in line with eligibility criteria. The loan will be disbursed in local currency in two equal tranches of USD 3 million each. Tranche 1 will be committed at the signing of the loan agreement; Tranche 2 will not be committed and may be disbursed at the sole discretion of the EBRD. Each tranche will have a term of three years and will be disbursed in US dollar denominated sum equivalents, calculated at or around the time of the relevant disbursements.
Expected Results
The Project will contribute to the Green Transition Impact quality. It facilitates building a green economy in Uzbekistan by facilitating the expansion of energy efficiency investments and providing positive demonstration effects of such projects, through on-lending to private sector Sub-borrowers (e.g. businesses, suppliers and vendors of high performing green technologies and service providers).
Project Phases
-
Implementing agency
EBRD, EBRD
Main partner
EBRD
Total budget by main partner
$ 6,181,740
Co-financing
No - -
Budget of co-financing
-
Total budget (original)
$ 6,000,000 (Exchange rate: 1.03029)
Loan budget
$ 6,181,740