Western Ukraine – Operational Compliance Review of EBRD-Financed Renewable Project

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  • Western Ukraine – Operational Compliance Review of EBRD-Financed Renewable Project

CES was engaged by the EBRD to conduct a comprehensive post-commissioning Due Diligence for a photovoltaic (PV) and a hydropower project located in Western Ukraine. The purpose of this assignment is to verify the technical, environmental, institutional, and operational compliance of both projects with EBRD standards and financing conditions.

The scope of the assessment includes confirmation that:

  • Both projects have been fully completed;

  • All project agreements are valid, enforceable, and satisfactory to the EBRD;

  • The PV project is delivering additional green electricity as planned;

  • All necessary permits and authorisations are in place and effective;

  • Both projects are successfully connected to the national electricity transmission network;

  • The PV plant has been in commercial operation for at least six months, achieving a performance ratio of 80% or higher;

  • All payments and any liquidated damages due under the project agreements have been settled;

  • All actions required to date under the Environmental and Social Action Plan (ESAP) have been implemented.

Through this assignment, CES ensures that the projects meet EBRD’s operational, environmental, and social criteria, supporting the bank’s sustainable investment goals in the renewable energy sector.

OUr services

The Consultant provides Due Diligence that a) both projects have been completed; b) all project agreements are in form and substance satisfactory to the EBRD, are in full force and effect; c) the PV project provides additional green electricity; d) all authorisations required for the operation of the Projects have been obtained and are in full force and effect; e) the projects are connected to the Electricity Transmission Network; f) the PV plant has commenced commercial operation and has been generating electricity for at least 6 months with the Performance Ratio equal to or greater than 80%; g) all payments and liquidated damages (if any) that are due to the Borrower under the Project Agreements have been paid; h) all actions required to date under the Environmental & Social Action Plan in respect of the Projects have been completed.

Location:

Eastern Europe,
Ukraine

Duration:

2021-01 -
2021-05