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Signature(s)

Amount
€ 39,738,777.58
Countries
Sector(s)
Mongolia : € 39,738,777.58
Energy : € 39,738,777.58
Signature date(s)
2/08/2017 : € 13,152,422.01
2/08/2017 : € 26,586,355.57
Link to source

Summary sheet

Release date
7 October 2015
Status
Reference
Signed | 05/08/2017
20140699
Project name
Promoter - financial intermediary
SAINSHAND SALKHIN PARK LLC
ACCEPTABLE CORPORATE(S)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 45 million
EUR 95 million
Location
Sector(s)
Description
Objectives

Construction and operation of a 54MW onshore wind farm near Sainshand, the capital of Dornogobi province in Mongolia

The project will contribute to the promotion of renewable energy and climate change mitigation, key priorities for the Bank. The project is also fully in line with Mongolia's national plan for the development of renewable energy resources and will lessen the country's reliance on ageing coal-fired power generation.

Environmental aspects
Procurement

The competent authority screened the project in October 2014 and concluded that it requires an environmental and social impact assessment (ESIA) according to Mongolian law. An environmental impact assessment (EIA) conducted and approved in 2009 was only valid for five years and therefore needs to be updated and expanded to meet recent changes in legislation. During appraisal the ESIA will be screened for compliance with the Bank's environmental and social standards.

The project is considered as a concession under the Bank's Guide to Procurement. The concession is based on Mongolian laws that provide a framework for independent power production (IPP) operation and a feed-in tariff that is generally available as well as economically reasonable in terms of price, quality and risk-sharing. During appraisal the Bank will assess the concession process for publicity, fairness and transparency in accordance with section 3.4.3 of the Guide to Procurement.

Link to source

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

Documents

Non-Technical Summary (NTS) - SAINSHAND ONSHORE WIND PROJECT (In Mongolian)
Publication Date
8 Mar 2016
Document language
Main Topic
Lending
Document Number
62996430
Document Focus
Environmental Information
Project Number
20140699
Sector(s)
Countries
Publicly available
Download now
Environmental and Social Data Sheet (ESDS) - SAINSHAND ONSHORE WIND PROJECT
Publication Date
30 Jan 2016
Document language
Main Topic
Lending
Document Number
64468604
Document Focus
Environmental Information
Project Number
20140699
Sector(s)
Countries
Publicly available
Download now
Environmental and Social Completion Sheet (ESCS) - SAINSHAND ONSHORE WIND PROJECT
Publication Date
30 Dec 2020
Document language
Main Topic
Lending
Document Number
135425997
Document Focus
Environmental Information
Project Number
20140699
Sector(s)
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - SAINSHAND ONSHORE WIND PROJECT - Environmental Impact Assessment Report
Publication Date
6 Dec 2021
Document language
Main Topic
Lending
Document Number
151779735
Document Focus
Environmental Information
Project Number
20140699
Sector(s)
Countries
Publicly available
Download now
Resettlement Action Plan (RAP) - SAINSHAND ONSHORE WIND PROJECT
Publication Date
6 Dec 2021
Document language
Main Topic
Lending
Document Number
151778406
Document Focus
Environmental Information
Project Number
20140699
Sector(s)
Countries
Publicly available
Download now

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Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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