Company name
CORSAN
Project number
15144-01
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
Brazil
Sector
Water and Sanitation
Status
Proposed
Disclosed date
08/28/2025
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
09/30/2025
Approval date
N/A
Signed date
N/A
Sponsoring entity
AEGEA
Investment Operations Department Contact
Infrastructure and Energy Division
Investment type
Syndicated amount
N/A
Financing amount
USD $ 147,274,000
Currency
BRL
Project scope and objective
The transaction consists of a corporate loan to Corsan to finance its water loss reduction program in 317 municipalities of Rio Grande do Sul state in Brazil. The objective of the transaction is to increase operational efficiency by reducing water losses from 42.8% to 30% by 2033. The Water Loss Reduction Program for 5 years (2025 – 2030) has a total capex of BRL 1.87 billion, to be financed by IDB Invest through the BRL 825 million long-term financing and operational cash generation.
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Contact information
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Client Contact
PHONE NUMBER
55 (51) 99827.1533
POST OFFICE ADDRESS
Rua Caldas Júnior, 120 – 18° andar - Edifício Banrisul - CEP 90.010 - 260 - Porto Alegre - Rio Grande do Sul, Brasil
IDB Invest Contact
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 [email protected] 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 [email protected] or [email protected] or calling +1(202) 623-3952.
IDB Invest has zero tolerance to reprisal or retaliation against anybody who voices its opinion or opposition to IDB Invest-financed projects.
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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.
CORSAN - PLANO DE AÇÃO AMBIENTAL E SOCIAL (PAAS OU ESAP)
348.2 Kb
CORSAN - RESUMO DA REVISÃO AMBIENTAL E SOCIAL (RRAS OU ESRS)
553.0 Kb