Company name
Atlas Juazeiro Comercializadora de Energia Ltda.
Project number
12092-02
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
Brazil
Sector
Energy
Status
In implementation
Disclosed date
07/06/2020
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
06/30/2020
Approval date
08/07/2020
Signed date
09/18/2020
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
USD $ 15,000,000
Financing amount
USD $ 53,933,000
Currency
BRL, USD
Project scope and objective
The New Juazeiro Bifacial Solar Power Project consists of the design, construction, operation and maintenance of a 187 megawatt peak (“MWp”) bifacial photovoltaic power plant and other interconnection facilities to be located in the state of Bahia, Brazil (the “Project”). The Project will sell power through bilateral power purchase agreements with large industrial energy intensive users and to the spot market.
The Project’s total cost is estimated at US$140.7 million, of which IDB Invest will finance up to US$90 million through a combination of senior and subordinated loans, denominated in United States Dollars and Brazilian Reais, and IDB Invest’s administered funds. Through this operation IDB Invest seeks to contribute to the Government of Brazil’s goal to diversify the country’s electricity generation mix by adding renewable solar power in order to reduce the impact of droughts in an energy system heavily dependent on hydro generation.
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Client files
This section provides the key environmental and social assessment documents produced by the client for this project.
LI JUA 05 - PORTARIA 20.002 2020.PDF
1018.2 Kb
LI JUA 06 - PORTARIA 20.000 2020.PDF
954.0 Kb
LI JUA 07 - PORTARIA 20.003 2020.PDF
1009.9 Kb
LI JUA 08 - PORTARIA 20.001 2020.PDF
0 KB
EMI SOLAR NEW REV01+ANEXOS.PDF
55.5 Mb
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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.
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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.
ENVIRONMENTAL AND SOCIAL REVIEW
45.4 Kb
ESRS NEW JUAZEIRO 2020-05-07 ENG.PDF
404.8 Kb