Company name
Hychico S.A.
Project number
AR3915A-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
Argentina
Sector
Energy
Status
Completed
Disclosed date
09/30/2011
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
11/08/2011
Approval date
12/06/2011
Signed date
03/29/2012
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
USD $ 6,000,000
Financing amount
USD $ 8,000,000
Currency
USD
Project scope and objective
Hychico S.A. produces hydrogen, oxygen, and electric power from renewable energy sources.
This IIC financing would be used to refinance the installation, start-up, and future operations of the Diadema Parque Eólico, comprising seven (7) 0.9-megawatt (MW) Enercon E-44 wind turbines with a nominal capacity of 6.3 MW, and anticipated power generation of 24,672 megawatt-hours per year that would be injected into the power grid of the Argentine Interconnected System (SADI). The Diadema wind farm lies in the sector known as "Pampa del F" of the Diadema oil field, operated by Compañías Asociadas Petroleras S.A. (CAPSA), located some 27 kilometers outside the city of Comodoro Rivadavia, Chubut Province, in southern Argentina.
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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 OfficesIndividuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing mgm@iadb.org 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 mecanismo@iadb.org or MICI@iadb.org or calling +1(292) 623-3952.
For inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
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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