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
B
Country

Guyana
Sector

Transport
Status
Inactive
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 
03/30/2022
Approval date
N/A
Signed date
N/A
Sponsoring entity
N/A
Team leader
Robberechts, Elizabeth M.
Investment type
Syndicated amount
USD $ 70,000,000
Financing amount
USD $ 93,000,000
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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Contact information
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Client Contact
CONTACT NAME
Robert Albiez
POSITION
Chief Financial Officer
PHONE NUMBER
+502 608 2616
Robert.Albiez@gysbi.com
IDB Invest Contact
requestinformation@idbinvest.org
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
Early disclosure
GUYANA SHOREBASE INC. ENVIRONMENTAL AND SOCIAL STRATEGY (ESS)
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