Company name
PCHs Los Molinos S.A.S E.S.P. (“Los Molinos”)
Project number
CO3971A-01
Category A projects could result in potentially significant environmental and/or social risks and impacts, which are diverse, irreversible, or unprecedented that may extend beyond the boundaries of the actual project site or facilities. In principle, Category A includes projects which have significant impacts on protected or sensitive areas21 and/ or vulnerable groups.
E&S category
A
Country
Colombia
Sector
Energy
Status
Closed
Disclosed date
04/22/2014
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
N/A
Approval date
N/A
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
USD $ 38,770,000
Financing amount
USD $ 30,000,000
Currency
USD
Project scope and objective
Los Molinos Project consists of the development, construction and operation of two small run of the river hydroelectric plants to be located in the Municipality of Cocorna, Department of Antioquia (PCH El Molino and PCH San Matias). Each plant will have an installed capacity of 19.9 MW and will collectively generate 246 GWh of clean energy per year. The Project is being developed by LAREIF, a Panamanian company owned by Century Energy Corporation and The Cornerstone Group. LAREIF invests in renewable energy projects, has developed eight projects, of which five are operating and three are under construction for a total of 146 MW. The engineering, design, construction and supervision of the civil works of the Project will be undertaken by HMV Ingenieros (“HMV”), a major engineering firm in Colombia with experience in energy-related EPC Projects. The Project cost is estimated at US$ 125 Million. The two plants are expected to begin commercial operations in 2016.
With this operation, the IIC will be supporting the development of small hydroelectric projects in Colombia by providing long term financing (up to seventeen years). The project will contribute to increasing Colombia’s installed power generation capacity and supplying additional electricity to meet the country’s energy demand. Run-of-river hydroelectric projects are a very low cost source of energy. The project will help increase the portfolio of low cost hydropower energy generation assets in Colombia.
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Client files
This section provides the key environmental and social assessment documents produced by the client for this project.
EL-MOLINO-2148-04-EV-ST-020-00.PDF
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EL-MOLINO-2148-04-EV-ST-020-01.PDF
548.9 Kb
EL-MOLINO-2148-04-EV-ST-020-02.PDF
999.4 Kb
EL-MOLINO-2148-04-EV-ST-020-03.PDF
13.1 Mb
EL-MOLINO-2148-04-EV-ST-020-04.PDF
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EL-MOLINO-2148-04-EV-ST-020-05.PDF
1.4 Mb
EL-MOLINO-2148-04-EV-ST-020-06.PDF
216.9 Kb
EL-MOLINO-2148-04-EV-ST-020-07.PDF
1.9 Mb
EL-MOLINO-2148-04-EV-ST-020-08.PDF
498.2 Kb
EL-MOLINO-2148-04-EV-ST-020-09.PDF
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EL-MOLINO-2148-04-EV-ST-020-10.PDF
333.0 Kb
EL-MOLINO-2148-04-EV-ST-020-11.PDF
337.1 Kb
EL-MOLINO-2148-04-EV-ST-020-12.PDF
322.7 Kb
EL-MOLINO-VOLUMEN IV ANEXOS EL MOLINO.PDF
69.5 Mb
SAN-MATIAS-2148-12-EV-ST-010.PDF
282.2 Kb
SAN-MATIAS-2148-12-EV-ST-010-01.PDF
223.1 Kb
SAN-MATIAS-2148-12-EV-ST-010-02.PDF
399.6 Kb
SAN-MATIAS-2148-12-EV-ST-010-03.PDF
14.1 Mb
SAN-MATIAS-2148-12-EV-ST-010-04.PDF
192.7 Kb
SAN-MATIAS-2148-12-EV-ST-010-05.PDF
1.3 Mb
SAN-MATIAS-2148-12-EV-ST-010-06.PDF
221.0 Kb
SAN-MATIAS-2148-12-EV-ST-010-07.PDF
998.2 Kb
SAN-MATIAS-2148-12-EV-ST-010-08.PDF
101.2 Kb
SAN-MATIAS-2148-12-EV-ST-010-09.PDF
283.3 Kb
SAN-MATIAS-2148-12-EV-ST-010-10.PDF
71.4 Kb
SAN-MATIAS-2148-12-EV-ST-010-11.PDF
64.5 Kb
SAN-MATIAS-2148-12-EV-ST-010-12.PDF
150.9 Kb
SAN-MATIAS-2148-12-EV-ST-010-13.PDF
40.8 Kb
SAN-MATIAS-VOLUMEN IV ANEXOS 1 AL 12 SAN MATIAS.PDF
56.8 Mb
SAN-MATIAS-VOLUMEN V ANEXOS 13 AL 17 SAN MATIAS.PDF
8.1 Mb
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Contact information
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Request informationAlternatively, you may also use the following contact information :
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.
For inquiries, comments and information requests about the project
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
50.6 Kb