2020 FMCG Inc.
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
USD $ 5,000,000
Project scope and objective
The transaction is an uncommitted, secured revolving working capital facility to support 2020 FMCG Inc. and other borrowing entities (collectively, “the Borrowers”) who are to design, procure, construct, install, commission and turn-key deliver two non-grid tied solar photovoltaic (“PV”) power plants, battery energy storage systems and interconnection facilities (each, an “Installation”) in two remote areas in Guyana (“the Project”). The locations and systems will be in: (i) Bartica for a 1.5 Mega-Watt peak (“MWp”) solar PV array plus 0.83MW battery energy storage system (“BESS”); and (ii) Lethem for a 1MWp solar PV array plus 0.57 MW BESS. The Project will also finance a subsequent set of similar Installations in Guyana.
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