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Company name

YPF ENERGIA ELECTRICA S.A.

Project number

14397-01

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
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B

Country

Argentina

Sector

Energy

Status

Proposed

Disclosed date

12/11/2023

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

Projected board date
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04/02/2024

Approval date

N/A

Signed date

N/A

Sponsoring entity

N/A

Investment Operations Department Contact

N/A

Investment type

Syndicated amount

USD $ 300,000,000

Financing amount

USD $ 33,500,000

Currency

USD

Project scope and objective

The Project involves the expansion of the non-conventional renewable energy (NCRE) generation capacity across Argentina for approximately 160MW, based on the expected available new funding to be subscripted through the financing. It is expected that new NCRE projects will reduce annually 257 ktons of CO2 emissions.

The estimated total financing will be up to US$ 333.5 million over which IDB Invest will directly contribute up to US$ 33.5 million. The remaining amount will be subscribed by institutional investors who will buy part of IDB Invest’s participation through a special purpose vehicle (“SPV”) that will issue B- Bonds (4(a)2 Notes or 144A Reg S Notes).

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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. 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.

A-B GREEN BOND - YPF LUZ - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)

337.9 Kb

A-B GREEN BOND - YPF LUZ - ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)

163.8 Kb

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Contact information

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Alternatively, you may also use the following contact information :

Client Contact

EMAIL

m.delosmilagros.grande@ypf.com

PHONE NUMBER

+54 911 38115406

POST OFFICE ADDRESS

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

For inquiries, comments and information requests about the project

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Learn more about how we provide private-sector solutions in the region .