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
Guedes Kafrune, Maher Alexandre
USD $ 46,695,000
Project scope and objective
Bioenergética Aroeira S.A. (“Aroeira”) is seeking to increase the sugarcane crushing capacity of the economic group it belongs to from 3 million to 4 million tons to scale-up its sugar and ethanol outputs, and both its sugarcane supply and warehousing accordingly. As a subset of the planned investments, the Project will also increase Aroeira’s capacity to co-generate electricity by 40MWh through the burning of the greater volume of residual biomass (sugarcane bagasse), being the surpluses of electricity sold to the market.
The proposed financing consists of a long-term loan of up to R$250 million, with a tenor of 8 years, and 30 months of grace period included for payments of principal only.
ADDENDUM: August 15, 2022 – A change was made in the Amount of financing requested for up to R$250 million, reduced to up to R$244 million.
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Cesar Verri Neto
IDB Invest Contact
1350 New York Ave NW, Washington, DC 20005