Company name

AELA GENERACIÓN S.A.

Project number

12111-01

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

Chile

Sector

Energy

Status

Proposed

Disclosed date

04/07/2017

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

Projected board date
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05/30/2017

Approval date

06/13/2017

Signed date

08/08/2017

Sponsoring entity

N/A

Team leader

Rivadeneira Arbildua, María Paz

Investment type

Syndicated amount

N/A

Financing amount

USD $ 174,905,000

Currency

USD

Project scope and objective

The AELA Generation Project (the “Project”) includes the financing of two new wind farms located in Chile’s Atacama and Lakes regions, respectively; a 73 km, insulated 220 kV transmission line linking the Sarco wind farm to the existing substation at Maitencillo; and the Cuel wind power plant currently in operation.

The Sarco wind farm (“Sarco”) will be sited on a 2,680 hectare lot, will have an installed capacity of 170 MW, and will consist of 50 Senvion 3.4M114 turbines. The power to be produced will be delivered to the Maitencillo substation over a 73 km, insulated 220 kV transmission line, and construction of this line is also part of the project. The Aurora wind park (“Aurora”) will be located on a 2,500 hectare property, will have an installed capacity of 129 MW, and will consist of 43 Senvion 3.0M112 turbines. The power generated there will flow directly to the existing transmission line (220 kV) that joins the Rahue and Puerto Montt substations. The Cuel power plant (in operation) has 23 GW87 wind turbines for a total installed capacity of 33.0 MW.

The IIC’s participation in the financing will help to increase the supply of renewable energy in Chile.

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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

31.5 Kb

Client files

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

ENVIRONMENTAL IMPACT ASSESSMENT (EIA) - PARQUE SARCO

53.5 Mb

ENVIRONMENTAL IMPACT ASSESSMENT (EIA) - PARQUE AURORA

38.4 Mb

ENVIRONMENTAL IMPACT ASSESSMENT (EIA) - LT SARCO

4.4 Mb

DECLARACIÓN DE IMPACTO AMBIENTAL (DIA) - PARQUE EOLICO CUEL

2.3 Mb

ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS) - AELA GENERACION

336.4 Kb

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Contact information

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Alternatively, you may also use the following contact information:

Client Contact

CONTACT NAME

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POSITION

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PHONE NUMBER

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EMAIL

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IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

COUNTRY OFFICES

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