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
B
Country
Belize
Sector
Energy
Status
Inactive
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
12/17/2021
Approval date
12/17/2021
Signed date
10/04/2022
Sponsoring entity
N/A
Investment Operations Department Contact
Portfolio Management Division
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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Contact information
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Client Contact
N/A
PHONE NUMBER
N/A
POST OFFICE ADDRESS
N/A
IDB Invest Contact
requestinformation@idbinvest.org
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
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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