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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
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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
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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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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

36.7 Kb

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Contact information

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Request information

Alternatively, you may also use the following contact information :

Client Contact

EMAIL

N/A

PHONE NUMBER

N/A

POST OFFICE ADDRESS

N/A

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

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Learn more about how we provide private-sector solutions in the region .