West Indies Company S.A. - WINECO
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.
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
Terminal Varreux S.A. - TEVASA
Fernandez Alvarez de Lugo, Monica
USD $ 5,700,000
Project scope and objective
The Inter-American Investment Corporation (“IDB Invest”) is considering providing a long-term loan to West Indies Energy Company (“WINECO” or the “Company”), that will be used to (i) refinance WINECO’s existing loan with IDB Invest; and (ii) expand WINECO’s fuel unloading and storage capacity through the construction of (a) an additional 12.5 meter pier, (b) the improvement of the jetty infrastructure to accommodate larger vessels and to speed up discharge into the storage tanks and (c) two additional 4,000,000 gallon fuel storage tanks and its associated facilities located in Port-au-Prince, (the “Project”). The total estimated cost of the Project is US$ 12.0 – 14.0 million.
WINECO is a liquid terminal that provides intake from vessels, storage and distribution by trucks or pipeline of bulk liquids ranging from petroleum products to industrial chemicals and edible cooking oils. WINECO is the largest petroleum and liquid bulk storage and handling facility in Haiti, with storage capacity of approximately 1 million barrels, spread over 20 tanks located adjacent to the port facilities owned by Terminal Varreux S.A., (“TEVASA”), a related company.
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IDB Invest Contact
1350 New York Ave NW, Washington, DC 20005