PROJECT

Projects

Environmental & Social Review Summary

Project Number

26836

Company Name

AES GEO ENERGY OOD

Date ESRS Disclosed

Jun 26, 2008

Country

Bulgaria

Region

Europe

Last Updated Date

Nov 16, 2022

Environmental Category

A - Significant

Status

Completed

Previous Events

Approved : Sep 11, 2008
Signed : Dec 2, 2008
Invested : Dec 24, 2008

Sector

Wind Power - Renewable Energy Generation

Industry

Infrastructure

Department

Regional Industry INF LAC & EUR

Project Description

The project comprises the construction and operation of the 156 MW St. Nikola Wind Farm in the municipality of Kavarna, in the north-east of Bulgaria close to the villages of Bulgarevo, Sveti Nikola, Hadji Dimitar, Rakvovski and Porouchik Chounchevo, on agricultural land located on an elevated plain approximately 3km from the Black Sea. The Project is being developed by a Bulgaria registered Special Purpose Vehicle, AES GeoEnergy (AGE - the Company), which is owned by global energy company AES Corporation (AES) and it’s Bulgarian partner, GeoPower.

The wind farm will comprise 52 3 MW V90 turbines, manufactured by Vestas A.S. The project will include a 33/110 kV substation, which will be connected to the national grid through an 8 km transmission line (T-Line). The Project will be constructed over 52 approximately 1 decare plots of land (one per turbine), and a 6,000 m2 plot for the Project substation. Only 6 hectares (60 decares) of this area will be used permanently for the operation of the wind farm (equivalent to 0.09% of the total area of the site). All of the plots of land are owned by GP and will be rented to the Project for 20 years. Agricultural practices will continue on the balance of usable land, which AGE will lease to local farmers.


The total project cost is estimated by the sponsor at € 260 million, which would be financed by AES and a group of lenders. Debt facilities will be provided to the Project by IFC, the European Bank for Reconstruction and Development (“EBRD”) and UniCredit Group.

Overview of IFC's Scope of Review

Documents Reviewed:

- Environmental Impact Assessment “Construction of Windfarm on the land of the Villages of Bulgarevo, Hadji Dimitar, Rakovski, Porouchik Chounchevo, Municipality of Kavarna” prepared by consultants SP Ekoem November 2006 for Geopower Ltd. (2006 EIA) Vol. I and II.
- Saint Nikola Wind Farm Non Technical Summary (NTS - of the Environmental Assessment) prepared by RSK Group PLC May 2008 for AES Geopower.
- Saint Nikola Wind Farm Public Consultation and Disclosure Plan (PCDP) prepared by RSK Group PLC May 2008 for AES Geopower.
- Saint Nikola Wind Farm Supplementary Information Report (SIR) prepared by RSK Group PLC June 2008 for AES Geopower.
- Saint Nikola Kavarna Wind Farm – Environmental Management and Monitoring Plan (EMMP) prepared by RSK Group PLC June 2008 for AES Geopower.

Site Visits: Visits to the project site, Kavarna Municipality, neighboring Villages and transmission line route conducted by IFC staff May 2008 and additional site visits will be completed in July 2008.


Meetings and Discussions: Kavarna Municipality, Ministry of Energy, State Energy and Water Regulatory Commission, Association of Producers of Ecological Energy (Bulgaria), RSK Group plc (sponsor’s environmental and social consultant), AES and Geopower staff.

E & S Project Categorization and Applicable Standard

Environmental and Social Mitigation Measures

Stakeholder Engagement

Client Documentation

File Name Actions
Windfarm_Sveti_Nikola_EIA_Vol_1.pdf
Windfarm_Sveti_Nikola_EIA_Vol_2.pdf
Windfarm_Sveti_Nikola_Non_Technical_Summary.pdf
Public_Disclosure_and_Consultation_Plan_FINAL.pdf
Supplementary_Information_Report.pdf