Azerbaijan : Shah Deniz Stage II Investment Plan
The Transaction Technical Assistance (TRTA) was originally designed to undertake necessary due diligence for preparing multi-tranche financing facility (MFF) and tranche 1 to co-finance the expansion of the Shah Deniz gas field (SD-II). The project financing modality was subsequently changed by replacing the MFF with a single project partial credit guarantee (PCG).
Project Details
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Project Officer
Pladet, Rolandus C.J.
Central and West Asia Department
Request for information -
Country/Economy
Azerbaijan -
Modality
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Sector
- Energy
Related Projects
Project Name | Shah Deniz Stage II Investment Plan | ||||
Project Number | 49451-001 | ||||
Country / Economy | Azerbaijan |
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Project Status | Closed | ||||
Project Type / Modality of Assistance | Technical Assistance |
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Source of Funding / Amount |
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Strategic Agendas | Inclusive economic growth Regional integration |
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Drivers of Change | Partnerships Private sector development |
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Sector / Subsector | Energy / Oil and gas transmission and distribution |
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Gender | No gender elements | ||||
Description | The Transaction Technical Assistance (TRTA) was originally designed to undertake necessary due diligence for preparing multi-tranche financing facility (MFF) and tranche 1 to co-finance the expansion of the Shah Deniz gas field (SD-II). The project financing modality was subsequently changed by replacing the MFF with a single project partial credit guarantee (PCG). | ||||
Project Rationale and Linkage to Country/Regional Strategy | ADB financing support was urgently needed as Southern Gas Corridor CJSC (SGC) had already committed to finance its portion of the project, while facing challenges due to depressed hydrocarbon revenues and severe local currency depreciations. SD-II will increase the Shah Deniz gas production capacity. The additional gas will be exported to Europe, via Georgia and Turkey, creating the Southern Gas Corridor as an alternative for gas deliveries to Europe from the Caspian region and the Middle East. The project supports regional cooperation and integration, a core operational area in ADB''s Strategy 2020 and will improve Europe''s energy security by diversifying its gas sources. Sustained revenues from gas exports will fund social and infrastructure spending to help diversify Azerbaijan''s economy away from its high dependency on hydrocarbons. | ||||
Impact |
Project Outcome | |
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Description of Outcome | |
Progress Toward Outcome | |
Implementation Progress | |
Description of Project Outputs | |
Status of Implementation Progress (Outputs, Activities, and Issues) | |
Geographical Location |
Summary of Environmental and Social Aspects | |
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Environmental Aspects | |
Involuntary Resettlement | |
Indigenous Peoples | |
Stakeholder Communication, Participation, and Consultation | |
During Project Design | |
During Project Implementation | In June 2018, based on consultation with SGC, the TA amount was reduced from $1.0 million to $700,000. The $300,000 was cancelled since no additional financing support was expected. Of the $700,000, $600,000 was allocated for Roadmap for Beneficial Ownership Disclosure (RBOD) implementation activities and the remaining $100,000 has been used for original TA purposes and/or is maintained for other miscellaneous TA activities. |
Business Opportunities | |
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Consulting Services | RBOD implementation consultant commenced consulting services on 1 June 2018 expected to be completed on 31 October 2019. An international economist was recruited for the due diligence of the Shah Deniz Gas Field Expansion Project on 18 August 2016 and completed the assignment on 31 December 2017. |
Procurement | NA |
Responsible ADB Officer | Pladet, Rolandus C.J. |
Responsible ADB Department | Central and West Asia Department |
Responsible ADB Division | Energy Division, CWRD |
Executing Agencies |
Ministry of Finance |
Timetable | |
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Concept Clearance | - |
Fact Finding | - |
MRM | - |
Approval | 26 Apr 2016 |
Last Review Mission | - |
Last PDS Update | 06 May 2019 |
TA 9106-AZE
Milestones | |||||
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Approval | Signing Date | Effectivity Date | Closing | ||
Original | Revised | Actual | |||
26 Apr 2016 | 06 Jun 2016 | 06 Jun 2016 | 31 Dec 2016 | 30 Jun 2020 | 08 Jun 2020 |
Financing Plan/TA Utilization | Cumulative Disbursements | |||||||
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ADB | Cofinancing | Counterpart | Total | Date | Amount | |||
Gov | Beneficiaries | Project Sponsor | Others | |||||
1,000,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,000,000.00 | 17 Jun 2022 | 358,266.78 |
Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
The Access to Information Policy (AIP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.
Title | Document Type | Document Date |
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Shah Deniz Stage II Investment Plan: Initial Poverty and Social Analysis | Initial Poverty and Social Analysis | Apr 2016 |
Shah Deniz Stage II Investment Plan: Project Preparatory Technical Assistance Report | Project Preparatory Technical Assistance Reports | Apr 2016 |
Safeguard Documents See also: Safeguards
Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.
None currently available.
Evaluation Documents See also: Independent Evaluation
None currently available.
Related Publications
None currently available.
The Access to Information Policy (AIP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.
Requests for information may also be directed to the InfoUnit.
Tenders
Tender Title | Type | Status | Posting Date | Deadline |
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SUPPORTING THE IMPLEMENTATION OF THE BENEFICIAL OWNERSHIP DISCLOSURE ROADMAP | Firm - Consulting | Closed |
Contracts Awarded
Contract Title | Approval Number | Contract Date | Contractor | Address | Executing Agency | Total Contract Amount (US$) | Contract Amount Financed by ADB (US$) |
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Project Preparatory | Technical Assistance 9106 | 29 May 2018 | BDO Azerbaijan LLC(AZERBAIJAN) in association with Engaged Consulting Limited(UNITED KINGDOM) | Bridge Plaza, 12th floor, 6 Bakikhanov S AZ1065 Azerbaijan | Ministry of Finance | 501,170.00 | — |
Procurement Plan
None currently available.