Company name

Tealov

Project number

13377-01

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

Uruguay

Sector

Energy

Status

In implementation

Disclosed date

02/12/2021

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

Projected board date
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06/15/2021

Approval date

06/15/2021

Signed date

08/11/2021

Sponsoring entity

Invenergy

Team leader

Camargo Tamara, Mario

Investment type

Financing requested

USD $ 66,000,000

Syndicated amount

USD $ 55,539,300

Financing amount

USD $ 14,000,000

Currency

USD

Project scope and objective

On December 2019 the Uruguayan National Utility of Electric Plants and Transmission Administration (Administración Nacional de Usinas y Trasmisiones Electricas, herafater “UTE") awarded Tealov S. A. the design and construction of: i) a 60 km long 500 kV transmission line (“TL”); ii) a 20 km 150 kV TL; iii) a 500 kV substation in Cardal (southern central Uruguay); and iv) ancillary works for existing lines and substations allowing the interconnection of the new Cardal substation (“the Project”). 

Tealov S. A. ("Tealov") is the Uruguayan special purpose vehicle (“SPV”) owned by Invenergy Transmission International Holdings LLC (both indirectly owned by Invenergy Investment Company LLC). Tealov and UTE have executed an Operating Lease Contract (“OLC") with the following scope: 20 year for a 500 kV substation, and 30 year for the 500 kV TL and the 150 kV TL. After the Project has reached its commercial operation, UTE will take over its operation and maintenance. 

Both transmission lines stretch across rural areas of the country, mainly used for agriculture and as grasslands to raise cattle. However, some stretches of the Cardal – Punta del Tigre TL intersect areas of conservation interest.  

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Early disclosure

CARDAL TL - ENVIRONMENTAL AND SOCIAL STRATEGY (ESS)

648.8 Kb

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.

TLS PTA DEL TIGRE CARDAL AND SALTO G SALTO B ENV SOCIAL REVIEW SUMMARY - ESRS

1.0 Mb

TLS PTA DEL TIGRE CARDAL AND SALTO G SALTO B ENV SOCIAL ACTION PLAN - ESAP

370.4 Kb

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