Company name
PCH San Bartolomé S.A.S. E.S.P.
Project number
12209-01
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

Colombia
Sector

Energy
Status
Inactive
Disclosed date
11/03/2019
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
12/03/2019
Approval date
N/A
Signed date
N/A
Sponsoring entity
Century Energy Corporation
Investment Operations Department Contact
Portfolio Management Division
Investment type
Syndicated amount
USD $ 20,000,000
Financing amount
USD $ 40,000,000
Currency
USD
Project scope and objective
The San Bartolomé and Oibita hydroelectric projects (the “Project”) comprise the construction, operation and maintenance of two hydroelectric power plants in the municipalities of Oiba and Guapotá (approximately 149 km south of Bucaramanga) in the district of Santander. Both are run-of-the-river hydropower plants, with an installed capacity of 19.9 MW each that will together generate 280 GWh per year of clean energy. The projects will be connected to the National Interconnected System (SIN, for its acronym in Spanish) through an 11.4 km transmission line.
The Project cost is estimated at one hundred and twenty million dollars (US$120 million). Construction began in September 2017 and will have an estimated duration of 32 months. The Project will contribute to increasing energy production in Colombia by (i) adding around 39.8 MW of renewable capacity or approximately 280 GWh/year to the national grid, which will decrease the possibility of an energy recession; (ii) reducing carbon emissions and; (iii) allowing for a greater participation of the private sector in energy generation in Colombia.
The Project was declared as being of Public and Social Interest by the Ministry of Mining and Energy under Resolution 315 of November 10, 2016. Its execution is covered by Contract No. 001 of June 9, 2017, entered into by PCH SAN BARTOLOME SAS ESP and HMV Ingenieros Ltda.(HMV), in order to develop the Project either directly, through Servicios Ambientales y Geográficos SA (SAG) or its subcontractors (Consorcio Oibita).
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Contact information
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Request informationAlternatively, you may also use the following contact information :
Client Contact
Elisa.padilla@hbi.com.co
PHONE NUMBER
(571) 6235700
POST OFFICE ADDRESS
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 SUMMARY
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