Company name
AELA GENERACIÓN S.A.
Project number
12111-01
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
Chile
Sector
Energy
Status
Proposed
Disclosed date
04/07/2017
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
05/30/2017
Approval date
06/13/2017
Signed date
08/08/2017
Sponsoring entity
N/A
Investment Operations Department Contact
Infrastructure and Energy Division
Investment type
Syndicated amount
N/A
Financing amount
USD $ 174,905,000
Currency
USD
Project scope and objective
The AELA Generation Project (the “Project”) includes the financing of two new wind farms located in Chile’s Atacama and Lakes regions, respectively; a 73 km, insulated 220 kV transmission line linking the Sarco wind farm to the existing substation at Maitencillo; and the Cuel wind power plant currently in operation.
The Sarco wind farm (“Sarco”) will be sited on a 2,680 hectare lot, will have an installed capacity of 170 MW, and will consist of 50 Senvion 3.4M114 turbines. The power to be produced will be delivered to the Maitencillo substation over a 73 km, insulated 220 kV transmission line, and construction of this line is also part of the project. The Aurora wind park (“Aurora”) will be located on a 2,500 hectare property, will have an installed capacity of 129 MW, and will consist of 43 Senvion 3.0M112 turbines. The power generated there will flow directly to the existing transmission line (220 kV) that joins the Rahue and Puerto Montt substations. The Cuel power plant (in operation) has 23 GW87 wind turbines for a total installed capacity of 33.0 MW.
The IIC’s participation in the financing will help to increase the supply of renewable energy in Chile.
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Client files
This section provides the key environmental and social assessment documents produced by the client for this project.
ENVIRONMENTAL IMPACT ASSESSMENT (EIA) - PARQUE SARCO
53.5 Mb
ENVIRONMENTAL IMPACT ASSESSMENT (EIA) - PARQUE AURORA
38.4 Mb
ENVIRONMENTAL IMPACT ASSESSMENT (EIA) - LT SARCO
4.4 Mb
DECLARACIÓN DE IMPACTO AMBIENTAL (DIA) - PARQUE EOLICO CUEL
2.3 Mb
ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS) - AELA GENERACION
336.4 Kb
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Contact information
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Client Contact
N/A
PHONE NUMBER
N/A
POST OFFICE ADDRESS
N/A
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 OfficesIndividuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing mgm@iadb.org or by calling +1 202 312 4040.
As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing to mecanismo@iadb.org or MICI@iadb.org or calling +1(292) 623-3952.
IDB Invest has zero tolerance to reprisal or retaliation against anybody who voices its opinion or opposition to IDB Invest-financed projects.
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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.
ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY
31.5 Kb