Company name

Central Puerto Achiras S.A.U

Project number

12063-02

Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.

E&S category
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B

Country

Argentina

Sector

Energy

Status

In implementation

Disclosed date

05/04/2017

Projected date at which a project will be put forward for the Board of Executive Directors’ approval.

Projected board date
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06/13/2017

Approval date

07/11/2017

Signed date

01/17/2018

Sponsoring entity

Central Puerto S.A

Team leader

Diaz Gomez, Anahi

Investment type

Syndicated amount

USD $ 10,000,000

Financing amount

USD $ 20,000,000

Currency

USD

Project scope and objective

The Achiras Wind Power Project (the “Project”) consists of the construction, operation, and maintenance of a 47,25MW wind farm and related facilities, including a 132KV 16 km-long transmission line that will be located in the Rio Cuarto Department, in the southwest area of the Cordoba Province in Argentina. The Project total cost is estimated in US$81 million, to be financed with an IDB Group “A” Loan of approximately US$27 million. Such financing will be supplemented by an IFC “A” Loan, and the participation of a local bank for local content equipment financing, and capital contributions. The Project will have positive impacts on development, such as: (i) adding 47,25MW of renewable capacity to the Argentine grid in order to diversify the energy matrix that relies mostly on hydro and thermal power generation, and representing 20% of the total installed capacity goal of non-conventional renewable energy (NCRE) by 2025, and (ii) displacing around 100,000 equivalent tons of carbon emissions per year.

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Environmental and social review

IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.

ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY

85.5 Kb

Client files

This section provides the key environmental and social assessment documents produced by the client for this project.

ENVIRONMENTAL IMPACT ASSESSMENT (EIA) - ACHIRAS WIND POWER PROJECT

34.0 Mb

EIA ANNEXES - ACHIRAS WIND POWER PROJECT

41.3 Mb

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Contact information

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Alternatively, you may also use the following contact information:

Client Contact

CONTACT NAME

Nicolas Macchi

POSITION

Finance

PHONE NUMBER

+54 (11) 4317-5000 (int. 2447)

EMAIL

nicolas.macchi@centralpuerto.com

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

COUNTRY OFFICES

IDB Invest Country Offices

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