Company name
Air-e S.A.S E.S.P
Project number
14069-01
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
Colombia
Sector
Energy
Status
Closed
Disclosed date
05/31/2023
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
08/08/2023
Approval date
08/08/2023
Signed date
12/01/2023
Sponsoring entity
N/A
Investment Operations Department Contact
Portfolio Management Division
Investment type
Syndicated amount
N/A
Financing amount
USD $ 44,737,200
Currency
COP
Project scope and objective
Providing long-term guaranteed corporate financing to Air-e S.A.S. E.S.P. (the “Company or Aire”). Aire is the third largest energy distribution and commercialization company in Colombia, serving 1.25 million users in the departments of Atlántico, La Guajira and Magdalena. In 2020, the Company was selected by the national government to assume the operation of the regional electrical network, replacing the previous operator with the commitment to improve efficiency in service provision, increase quality indices and reduce distribution system losses. .
IDB Invest will provide term financing for an approximate amount of COP 180,000 million. Through this operation, IDB Invest seeks to improve the quality of the electricity service in the Colombian Caribbean area.
For inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
Contact information
For inquiries, comments and information requests about the project
Request informationAlternatively, you may also use the following contact information :
Client Contact
cynthia.ferrer@air-e.com
PHONE NUMBER
+57 311 3844409
POST OFFICE ADDRESS
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(202) 623-3952.
IDB Invest has zero tolerance to reprisal or retaliation against anybody who voices its opinion or opposition to IDB Invest-financed projects.
For inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
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.
AIR-E - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)
409.6 Kb
AIR-E - ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)
112.6 Kb