220MW Combined Cycle Power Generation Facility at Bhola Project

Environmental and Social Impact Assessment   

Early Disclosure

Disclaimer: Through this Early Disclosure, MIGA provides access, early in the environmental and social assessment process, to this Environmental and Social Impact Assessment (ESIA). This ESIA has been prepared by the client and should not be taken as an indication that MIGA has completed its review of the potential investment. The purpose of this Early Disclosure is to enhance the transparency of MIGA’s activities with reference to those projects or investments that are categorized as Category A under MIGA’s Policy on Environmental and Social Sustainability (2013). This document should not be construed as presuming the outcome of the decision by MIGA’s Board of Directors. In addition, prior to any consideration of the investment by MIGA's Board of Directors, the Summary of Proposed Guarantee (SPG) and the Environmental and Social Review Summary (ESRS) would be disclosed at least 60 days in advance. The following Early Disclosure is disclosed in accordance with MIGA's Access to Information Policy (2013).

Project description

This Early Disclosure covers an application by Actis Ambergen 2 Limited and Actis Energy 5B LP on behalf of itself and other commercial lenders yet to be identified, for their investments in the acquisition and refinancing of the project enterprise incorporated in Bangladesh, Nutan Bidyut (Bangladesh) Ltd. The project involves an independent power producer, a 220MW Combined Cycle Power Generation Facility at Bhola, operating on a build, own and operate basis under a long-term power purchase agreement with the Bangladesh Power Development Board.

Environmental Categorization

The Project is Category A under MIGA’s Policy on Environmental and Social Sustainability (2013).

The ESIA can be accessed below:

• Environmental and social impact assessment report, January 2018
• ESIA Addendum, January 2020
• ESIA Annexes, January 2018

The ESIA is also available on the Project Enterprise’s website:

http://nutanbidyut.com/about.html (see Statutory Clearances tab)