Company name
Caribbean Bottling Company (Bahamas) Ltd. (CBC)
Project number
11914-01
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
Bahamas
Sector
Energy
Status
Completed
Disclosed date
11/11/2016
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
12/12/2016
Approval date
12/07/2016
Signed date
01/16/2017
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
N/A
Financing amount
USD $ 1,000,000
Currency
USD
Project scope and objective
This project consists of a senior secured loan of up to US$1,000,000. The objective of the loan is to fund the installation of a rooftop solar PV system at CBC's main bottling factory in Nassau, Bahamas. The project will result in the addition of 1,153 kW of solar photovoltaic panels on the rooftop of CBC's factory. The total project cost is of approximately US$1,800,000, which is the total cost of the solar PV system. The system will be one of the first and the largest solar PV installations in Bahamas and will reduce CO2 emissions by 24,530 tons over 25 years of operation, by displacing electricity from the grid.
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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
IDB Invest Country OfficesIndividuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing mgm@iadb.org or by calling +1 202 312 4040.
As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing to mecanismo@iadb.org or MICI@iadb.org or calling +1(292) 623-3952.
For inquiries, comments and information requests about the project
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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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