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Company name

Shangri La SAS

Project number

14771-01

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

Colombia

Sector

Energy

Status

Proposed

Disclosed date

06/03/2024

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

Projected board date
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07/30/2024

Approval date

N/A

Signed date

N/A

Sponsoring entity

N/A

Investment Operations Department Contact

N/A

Investment type

Syndicated amount

N/A

Financing amount

USD $ 55,000,000

Currency

COP

Project scope and objective

The transaction involves financing the construction, operation, and maintenance of the Atlas Solar Project, which comprises a photovoltaic park with an installed capacity of 201 MWp / 160 MWac, its transmission line, and associated civil works such as roads, substations, and other necessary infrastructure for energy supply. The project is located in the municipalities of Ibagué and Piedras (Tolima), approximately 200 km from Bogotá D.C. The IDB Invest loan will cover approximately US$55 million of the total estimated project costs of US$160 million.

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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.

ATLAS SOLAR PV PROJECT - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)

368.6 Kb

ATLAS SOLAR PV PROJECT - ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)

215.0 Kb

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Contact information

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Alternatively, you may also use the following contact information :

Client Contact

EMAIL

N/A

PHONE NUMBER

N/A

POST OFFICE ADDRESS

N/A

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

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