Company name
La Mata, S.A.S. E.S.P
Project number
13918-01
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
In implementation
Disclosed date
04/20/2022
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
10/04/2022
Approval date
10/04/2022
Signed date
11/21/2022
Sponsoring entity
SolarPack Corporación Tecnológica, S.A.
Investment Operations Department Contact
Portfolio Management Division
Investment type
Syndicated amount
USD $ 18,166,200
Financing amount
USD $ 30,000,000
Currency
COP, USD
Project scope and objective
La Mata consists in financing the construction and development of a PV solar plant Sponsored by Solarpack. La Mata with a total aggregate installed capacity of 80 MWac, is located in the municipality of La Gloria, Department of Cesar, Colombia.
The project was awarded with a 15-year PPA in the Third Long Term Contract Auction that was organized by the Colombian Mines and Energy Ministry in 2021. The project is in development stage, with secured interconnection, secured site and advanced stage of environmental approvals.
IDB Invest's participation will help to supplement long-term financing for the project with participation from the United Kingdom Sustainable Infrastructure Program (UK SIP) Blended Financing Fund administered by the IDB Group, and in collaboration with a local bank, providing funds in Colombian pesos.
For inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
Contact information
For inquiries, comments and information requests about the project
Request informationAlternatively, you may also use the following contact information :
Client Contact
mjtascon@solarpack.es
PHONE NUMBER
+57 317 685 8082
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
Request informationLearn more about how we provide private-sector solutions in the region .
Early disclosure
For projects with high environmental or social risk an Environmental and Social Strategy (ESS) is prepared early on during the project appraisal and prior to carrying out the environmental and social due diligence (ESDD). The ESS includes the initial E&S risk categorization and a brief description of potential Performance Standards applicable to the project. The ESS for this project is available below. Together with the ESS, IDB Invest also provides access to the client’s preliminary E&S documents that will be reviewed during the ESDD. The client E&S documents for this project can be found under the “CLIENT FILES” section below. Once the environmental and social due diligence is completed, an Environmental and Social Review Summary (ESRS) for the Project will be published on this page.
LA MATA - ENVIRONMENTAL AND SOCIAL STRATEGY (ESS)
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