Company name

Guyana Shore Base Inc.

Project number

12990-01

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

Guyana

Sector

Transport

Status

Proposed

Disclosed date

04/27/2021

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

Projected board date
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09/07/2021

Approval date

N/A

Signed date

N/A

Sponsoring entity

N/A

Team leader

Robberechts, Elizabeth M.

Investment type

Financing requested

USD $ 130,000,000

Syndicated amount

USD $ 70,000,000

Financing amount

USD $ 65,000,000

Currency

USD

Project scope and objective

Guyana Shore Base Inc. (“GYSBI” or the “Company”) is a privately owned and operated shore base facility located in Georgetown, Guyana. GYSBI serves as a transshipment point for supplies, materials, and equipment, and provides various support personnel and services, including waste management, warehousing, fuel bunkering, pipe storage, water treatment and potable water storage, among other services, to Esso Exploration & Production Guyana Limited (“EEPGL” or the “Offtaker”) a subsidiary of ExxonMobil in Guyana.

The Company is seeking total debt financing of approximately US$130 million, and IDB Invest as A lender will be providing approximately US$70 million to (i) refinance certain existing bridge loans; (ii) expand GYSBI’s port and shore base facilities through the construction of four additional berths; (iii) increase the size of the Shore Base logistics support area; (iv) develop and construct an infill project that will allow offloading of heavier cargo; (v) purchase and construct a waste management facility; (vi) install rooftop solar photovoltaic (“PV”) capacity to meet GYSBI’s energy needs; and (vii) construct additional warehouse capacity.

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Client files

This section provides the key environmental and social assessment documents produced by the client for this project.

GUYANA SHOREBASE INC. ENVIRONMENTAL AND SOCIAL STRATEGY (ESS).PDF

140.1 Kb

GYSBI PORT EXPANSION - ENVIRONMENTAL ASSESSMENT

6.9 Mb

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Contact information

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Alternatively, you may also use the following contact information:

Client Contact

CONTACT NAME

Robert Albiez

POSITION

Chief Financial Officer

PHONE NUMBER

+502 608 2616

EMAIL

Robert.Albiez@gysbi.com

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

COUNTRY OFFICES

IDB Invest Country Offices