Company name

Belize Electricity Limited

Project number

13184-01

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

Belize

Sector

Energy

Status

Approved

Disclosed date

11/17/2021

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

Projected board date
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12/17/2021

Approval date

12/17/2021

Signed date

N/A

Sponsoring entity

N/A

Team leader

Monje, Marco

Investment type

Syndicated amount

N/A

Financing amount

USD $ 30,000,000

Currency

USD

Project scope and objective

Belize Electricity Limited (“The Client,” “The Company,” or “BEL”) is the primary distributor of electricity in Belize, Central America. Its aggregate energy sales in 2020 was 539.3 gigawatt-hours (GWh) to a approximately 104,000 customers with peak power demand of 102.7 megawatts (MW) during the year. The Client is seeking funds to cover both short-term working capital needs as well as to pay for scheduled capital projects. Phase I of the operation will provide financing for a working capital tranche and finance capex including equipment, software, system development, infrastructure upgrade works and customer services (the “Project”). Other Phases of the operation will be assessed in the future in terms of their potential environmental and social impacts. 

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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.

BELIZE ELECTRICITY PHASE I - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY

845.7 Kb

BELIZE ELECTRICITY PHASE I - ENVIRONMENTAL AND SOCIAL ACTION PLAN.

353.6 Kb

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Contact information

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Alternatively, you may also use the following contact information:

Client Contact

CONTACT NAME

N/A

POSITION

N/A

PHONE NUMBER

N/A

EMAIL

N/A

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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