Company name

Copacabana Geração de Energia em Participações S.A.

Project number

11994-02

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
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B

Country

Brazil

Sector

Energy

Status

Inactive

Disclosed date

08/21/2017

Projected date at which a project will be put forward for the Board of Executive Directors’ approval.

Projected board date
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11/21/2017

Approval date

04/03/2018

Signed date

N/A

Sponsoring entity

Rio Energy Fundo de Investimento em Participações Multiestratégia

Team leader

Chiaramonte, Federico Alessandro

Investment type

Financing requested

N/A

Syndicated amount

N/A

Financing amount

USD $ 66,297,000

Currency

BRL

Project scope and objective

The Inter-American Investment Corporation and the Inter-American Development Bank are considering providing a credit guarantee to secure payment obligations under a debt instrument in an amount of approximately R$200 million. The project consists of the design, construction, operation and maintenance of the wind cluster of “Eólica Serra da Babilônia”, which consists of eight (8) adjacent wind farms totaling 223.25 MW of capacity in the state of Bahia, located in the Northeast of Brazil and the construction of a 75km transmission line (the “Project”). The Project is being developed by eight (8) Special Purpose Enterprises created under Brazilian law for the specific purpose of the development of the Project, under the control of Copacabana Geração de Energia em Participações S.A. The sponsor of the Project is Rio Energy Fundo de Investimento em Participações Multiestratégia and was awarded a 20-year inflation indexed Power Purchase Agreement by the Câmara de Comercialização de Energia Elétrica.

The Project is expected to achieve the following development results: (i) increase installed capacity of non-conventional renewable energy with the addition of 223.25 MW of wind power to the current wind installed capacity of 11,7 GW, which contributes to the Government of Brazil’s objectives of diversifying its energy matrix, adding an additional source of renewable energy and reducing vulnerability to changes in hydrology; (ii) generate approximately 870 GWh of clean wind energy and contribute to the avoidance of approximately 763,801 tons of carbon emissions per year; and (iii) increase private sector participation and competition in the electricity market through the support of an independent private developer.

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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. Any gaps with respect to the IDB Invest Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) provided below.

ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY

30.6 Kb

ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS) - SERRA DA BABILÔNIA

237.3 Kb

Client files

This section provides the key environmental and social assessment documents produced by the client for this project.

1 CAMPANHA DE MONITOAMENTO DE AVIFAUNA - SERRA DA BABILÔNIA

4.2 Mb

2 CAMPANHA DE MONITOAMENTO DE AVIFAUNA - SERRA DA BABILÔNIA

5.8 Mb

3 CAMPANHA DE MONITOAMENTO DE AVIFAUNA - SERRA DA BABILÔNIA

6.2 Mb

LINHAS DE TRANSMISSAO MEMORIAL TECNICO DESCRIPTIVO SERRA DA BABILÔNIA

12.6 Mb

AVIFAUNA MNT MP - SERRA DA BABILÔNIA

7.9 Mb

RAS-BABILONIA LINEA ANÁLISE DE ALTERNATIVAS LOCACIONAIS- SERRA DA BABILÔNIA

180.9 Kb

RAS- BABILONIA LINEA SOCIAL -SERRA DA BABILÔNIA

117.4 Kb

RELATORIO DE IMPACTO AMBIENTAL RAS - RIMA PART 1 - SERRA DA BABILÔNIA

68.2 Mb

RELATORIO DE IMPACTO AMBIENTAL RAS - RIMA PART 2 -SERRA DA BABILÔNIA

35.5 Mb

RELATORIO DE IMPACTO AMBIENTAL RAS - RIMA PART 3 -SERRA DA BABILÔNIA

71.0 Mb

SERRA DA BABILÔNIA

41.9 Mb

ESTUDO DE IMPACTO AMBIENTAL(EIA) VOL 2- PART 1.2 SERRA DA BABILÔNIA

78.1 Mb

ESTUDO DE IMPACTO AMBIENTAL(EIA) VOL 2- PART 1.3 -SERRA DA BABILÔNIA

70.5 Mb

ESTUDO DE IMPACTO AMBIENTAL(EIA) VOL 2- PART 1.4 - SERRA DA BABILÔNIA

19.5 Mb

ESTUDODEIMPACTO AMBIENTAL(EIA) VOL 2- PART 1.5 - SERRA DA BABILÔNIA

4.6 Mb

ESTUDO DE IMPACTO AMBIENTAL(EIA) VOL 2- PART 1.6 -SERRA DA BABILÔNIA

855.8 Kb

ESTUDO DE IMPACTO AMBIENTAL(EIA) VOL 2- PART 2.1 -SERRA DA BABILÔNIA

47.1 Mb

ESTUDO DE IMPACTO AMBIENTAL(EIA) VOL 2- PART 2.2 - SERRA DA BABILÔNIA

44.2 Mb

ESTUDO DE IMPACTO AMBIENTAL(EIA) VOL 2- PART 3.1 -SERRA DA BABILÔNIA

48.7 Mb

ESTUDO DE IMPACTO AMBIENTAL(EIA) VOL 2- PART 3.2 - SERRA DA BABILÔNIA

44.3 Mb

ESTUDO DE IMPACTO AMBIENTAL(EIA) VOL 2- PART 3.3 -SERRA DA BABILÔNIA

26.4 Mb

ESTUDODEIMPACTO AMBIENTAL(EIA) VOL 3 - SERRA DA BABILÔNIA

57.1 Mb

ESTUDO DE IMPACTO AMBIENTAL(EIA) VOL 1 - PART 1 - SERRA DA BABILÔNIA

1.7 Mb

ESTUDO DE IMPACTO AMBIENTAL(EIA) VOL 1 - PART 2 -SERRA DA BABILÔNIA

15.2 Mb

ESTUDO DE IMPACTO AMBIENTAL(EIA) VOL 1 - PART 3 - SERRA DA BABILÔNIA

15.4 Mb

ESTUDO DE IMPACTO AMBIENTAL(EIA) VOL 1 - PART 4 - SERRA DA BABILÔNIA

67.3 Mb

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Contact information

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EMAIL

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PHONE

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ADDRESS

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COUNTRY OFFICES

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