Company name
Parque Solar Cangrejera, S.A. de C.V. (“Cangrejera”)
Project number
ES3423A-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
El Salvador
Sector
Energy
Status
Completed
Disclosed date
05/14/2015
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
06/16/2015
Approval date
11/03/2015
Signed date
04/12/2016
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
USD $ 1,486,000
Financing amount
USD $ 2,700,000
Currency
USD
Project scope and objective
Cangrejera is a Salvadoran company established to develop, build, and operate a photovoltaic solar power plant with nominal capacity of 1.2 MWac (1.48 MWp).
The proceeds from the IIC loan will be used to develop, build, and commission the aforementioned photovoltaic solar power plant, along with a 250-meter, 23-kV transmission line to the Melara/Del Sur substation. Total expected cost of the project is estimated to be US$4.2 million.
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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 OfficesFor inquiries, comments and information requests about the project
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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.
ENVIRONMENTAL AND SOCIAL REVIEW
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