Company name
LS Energía Dominicana S.R.L. ("LSED")
Project number
DR3641A-01
Category C projects are those that are likely to result in very limited or no adverse environmental or social impacts or risks.
E&S category
C
Country
Dominican Republic
Sector
Energy
Status
Inactive
Disclosed date
10/18/2011
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
09/13/2011
Approval date
11/22/2011
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
USD $ 20,900,000
Financing amount
USD $ 63,000,000
Currency
USD
Project scope and objective
LSED is a company that was established recently to carry out a power generation project being developed for the municipality of Boca Chica, Santo Domingo province. It is a subsidiary of LS Energía Inc., a company domiciled in Panama, which consolidates all of the group’s international operations.
The purpose of this IIC operation is to finance the construction, start-up, and operation of a combined-cycle, natural gas-fired thermoelectric power plant with a capacity of up to 82 megawatts. The project will be located on land already acquired by LSED.
The IIC is evaluating a US$5.0 million A loan, a US$35.0 million B loan, and a US$5.0 million subordinated loan.
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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.
ENVIRONMENTAL AND SOCIAL REVIEW
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