Company name
GR Cortarrama S.A.C.
Project number
14863-01
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
In implementation
Disclosed date
09/26/2024
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
10/28/2024
Approval date
10/28/2024
Signed date
11/15/2024
Sponsoring entity
Yinson Renewables Pte. Ltd.
Investment Operations Department Contact
Infrastructure and Energy Division
Investment type
Syndicated amount
N/A
Financing amount
USD $ 29,505,000
Currency
USD
Project scope and objective
The proposed financing involves a senior loan to GR Cortarrama S.A.C. to support the development, construction, and operation of a 96.75 MWp / 80 MWac solar photovoltaic power plant in the department of Arequipa, Peru. The IDB Invest loan will cover up to 33% of total project costs. The project's development objectives include promoting non-conventional renewable energy and reducing the country's reliance on hydroelectric and thermal energy generation
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Contact information
For inquiries, comments and information requests about the project
Request informationAlternatively, you may also use the following contact information :
Client Contact
renewables@yinson.com
PHONE NUMBER
+47 223 40 110
POST OFFICE ADDRESS
P.O. Box 1553 Vika, 0117 Oslo, Norway
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(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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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.
MATARANI SOLAR PROJECT - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY EN
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MATARANI SOLAR PROJECT - ENVIRONMENTAL AND SOCIAL ACTION PLAN EN
204.8 Kb