Company name
Hidrocañete S.A.
Project number
PE3976A-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
Peru
Sector
Energy
Status
Completed
Disclosed date
10/03/2014
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
11/04/2014
Approval date
11/18/2014
Signed date
12/05/2014
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
N/A
Financing amount
USD $ 6,650,000
Currency
USD
Project scope and objective
Hidrocañete owns the Nuevo Imperial hydroelectric power plant, which has an installed capacity of 4 MW and is designed to generate up to 33 GWh of clean energy per year. The plant is located on the Nuevo Imperial irrigation channel, which is fed by waters of the Cañete River (approximately 170 km south of Lima). The power plant has been in commercial operation since April 2012.
The purpose of this IIC operation is to provide Hidrocañete long-term financing to refinance the debt it acquired to build and operate the hydroelectric power plant.
With this operation, the IIC will be supporting the development of small hydroelectric projects in Peru by providing long-term financing of up to 15 years. Run-of-river hydroelectric projects are a very low-cost source of energy.
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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 OfficesFor 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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