Gas Natural de Lima y Callao, S.A. (“Cálidda”)
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.
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
USD $ 100,000,000
Project scope and objective
Gas Natural de Lima y Callao, S.A. (“Cálidda” or “The Company”) is the sole concessionaire for the pipeline distribution of natural gas in the Department of Lima and the Constitutional Province of Callao. Its main shareholder is Grupo de Energía de Bogotá (“GEB”), a business leader in the energy sector with operations in Colombia, Brazil, Peru, and Guatemala. The operation consists of an unsecured corporate loan for up to US$100 million (one hundred million United States dollars) with an 8-year repayment period. The funds will finance the expansion of the Natural Gas Distribution System (“NGDS”) in 2020–2021 (the “Project”) in order to reach more users, mainly households and small and medium-sized enterprises (SMEs).
The scope of the IDB Invest Environmental and Social Review included a documentary review of the Company´s environmental and social performance and occupational health and safety ("OHS") over time; online meetings with Cálidda representatives; analysis of the documents associated with environmental and social ("E&S") and OHS manuals, procedures, licenses, and permits of the Project, and operational reports of the NGDS.
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