Company name

Ati Capital Solutions, S.A. (“Ati”) and Componentes El Orbe, S.A. (“CEO”)

Project number

12476-01

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

Costa Rica

Sector

Manufacturing

Status

Inactive

Disclosed date

03/20/2019

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

Projected board date
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11/22/2019

Approval date

N/A

Signed date

N/A

Sponsoring entity

Grupo OB

Team leader

Van Muiswinkel, Frederik Jan

Investment type

Financing requested

N/A

Syndicated amount

N/A

Financing amount

USD $ 12,100,000

Currency

USD

Project scope and objective

The proceeds from the BID Invest loan will be used to (i) partially finance the outfitting and implementation of technological equipment and solutions for Costa Rica’s Instituto Costarricense de Acueductos y Alcantarillados ("AYA") and Poder Judicial (“PJ”) under a public tender that was awarded to CEO, Nova Technologies S.A. (“NovaTech”) and Sistemas Convergentes S.A. (“SISCON”), to be supplied by the leasing company Ati Capital Solutions S.A. and (ii) finance the acquisition of solar panels.



In operation since 2000, Ati is a Costa Rican company that mainly leases, finances, and sells technology solutions. CEO, NovaTech and SICON are related to Ati and are part of the Grupo OB. CEO has been in business since 1984 It distributes and sells IT systems and equipment, including accessories and software, as well as integral solutions, mainly in the IT sector. SISCON is a hardware and software provider specialized in Intel, Windows and Dell technology. NovaTech sells and leases recycled equipment of such leasing operations. All four companies complement each other’s core businesses and have participated in many other transactions with the public sector and with private enterprises, with great success.



 


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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. Any gaps with respect to the IDB Invest Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) provided below.

ENVIRONMENTAL AND SOCIAL REVIEW

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Contact information

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Request information

Alternatively, you may also use the following contact information:

Client Contact

CONTACT NAME

N/A

POSITION

N/A

PHONE NUMBER

+506 2545-4610

EMAIL

hgonzalez@corporacionob.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