Altan

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The EBRD is considering provision of a senior secured loan of RUB 200 million to finance increase of pasta production capacity and support distribution of Altan products throughout Russia as well as partial debt refinancing. Transition impact potential will derive mainly from backward linkages to local farmers in Siberia, including by providing various services to the client’s third party suppliers of agricultural raw materials. Altan is also expected to set standards to other industry participants in Siberia via efficient procurement, collection and storage as well as through energy efficiency and corporate governance improvements. CJSC “NPF Altan” a closed joint stock company, a leading pasta producer in Siberia. RUB 200 million senior secured loan for the account of EBRD. RUB 285 million. The proposed project has been categorised B in accordance with the 2008 EBRD Environmental and Social (E&S) Policy, as the potential impacts are expected to be site specific and readily identifiable and addressed through mitigation measures. The environmental and social due diligence for the project, which is ongoing includes environmental and social audit to assess the Client’s management capacity and systems to manage environment, health, safety and labour issues in its operations and an analysis of the potential (future) E&S impacts and benefits. It will also assess the Client’s ability to carry out the Project in compliance with the Bank’s Performance Requirements. Based on the findings of due diligence, if necessary, an Environmental and Social Action Plan (ESAP) will be prepared and agreed with the Company to address any environmental and social issues identified within a reasonable time-frame. This PSD will be updated when the results of due diligence are known. None. Olga Karjukina, Deputy CEO Tel.: +7 3852 366-410 E-mail: info@altan.ru