Company name
Empresa Propietaria de la Red S.A
Project number
12086-01
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
Regional
Sector
Energy
Status
Inactive
Disclosed date
09/19/2018
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
10/30/2018
Approval date
11/02/2018
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
INO Portfolio Management (PTM)
Investment type
Syndicated amount
USD $ 80,000,000
Financing amount
USD $ 133,500,000
Currency
USD
Project scope and objective
The project consists of expanding the electricity transmission capacity of the Central American Electrical Interconnection System [Sistema de Interconexión Eléctrica de los Países de América Central] (SIEPAC) through the installation of additional lines (second circuit), expansion of some substations, and reinforcement of some national interconnection systems. The SIEPAC is a high voltage line interconnecting the electrical systems of Panama, Costa Rica, Nicaragua, Honduras, El Salvador and Guatemala, allowing them to exchange electricity and enabling more efficient dispatch from the countries’ generation systems.
The Borrower has estimated the total cost of these investments at US$370 million. IDB Invest will participate in the financing of these investments through a loan of up to US$225 million with a term of up to 25 years. Of this amount, US$150 million would be funded by the IDB Group and the remainder with funds administrated by IDB Invest. The main objective of the financing will be to support the Borrower in making these investments and allowing repayment over a very long period, reducing the impact on the final cost appearing on end users’ electricity bills.
For inquiries, comments and information requests about the project
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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
ealfaro@eprsiepac.com
PHONE NUMBER
+ 506 2290-9100 ext. 6133
POST OFFICE ADDRESS
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
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
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