Company name
Instituto Costarricense de Electricidad
Project number
15484-01
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
Costa Rica
Sector
Energy
Status
Proposed
Disclosed date
07/11/2025
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
10/07/2025
Approval date
N/A
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
Infrastructure and Energy Division
Investment type
Syndicated amount
N/A
Financing amount
USD $ 79,000,000
Currency
USD
Project scope and objective
The transaction consists of a loan of up to US$100 million to support ICE’s digitalization and infrastructure modernization efforts focused on the replacement of conventional meters and the increase of the renewable energy generation capacity. This transaction is expected to deliver a significant development impact, supporting Costa Rica’s sustainability goals through the improvement of energy efficiency, expansion of the renewable energy program, and technological modernization of the electric grid.
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Contact information
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Client Contact
N/A
PHONE NUMBER
N/A
POST OFFICE ADDRESS
Torre Grupo ICE, Sabana Sur, San José, Costa Rica.
IDB Invest Contact
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 [email protected] 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 [email protected] or [email protected] or calling +1(202) 623-3952.
IDB Invest has zero tolerance to reprisal or retaliation against anybody who voices its opinion or opposition to IDB Invest-financed projects.
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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.
ICE INVESTMENT PROGRAM SMART METERING COSTA RICA - ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP) ENG
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ICE INVESTMENT PROGRAM SMART METERING COSTA RICA - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS) ENG
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