Company name

Belize Sugar Industries Limited

Project number

BL3364A-01

N/A

E&S category
tooltip

N/A

Country

Sector

Energy

Status

Completed

Disclosed date

09/19/2006

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

Projected board date
tooltip

10/24/2006

Approval date

11/07/2006

Signed date

02/15/2007

Sponsoring entity

N/A

Team leader

Levy, David

Investment type

Syndicated amount

USD $ 18,000,000

Financing amount

USD $ 35,500,000

Currency

USD

Project scope and objective

The Project involves the development, construction, and operation of a 31.5 MW name plate capacity co-generation power plant by Belize Co-generation Energy Limited. The 27.5 MW biomass facility will burn sugar cane fibre (bagasse) as its primary fuel during both the in-crop period (December – July) and the out-of-crop period (August – November) and will be supplemented with two diesel engines (4 MW) using No.6 fuel. Belcogen will generate baseload electricity of 13.5MW to supply the national grid (Belize Electricity Limited, the privately owned electrical utility in Belize) under a signed PPA, and to supply Belize Sugar Industries (BSI) with its electrical power (9MW) and steam requirements, under an Energy and Steam Purchase Agreement (ESPA). The plant will be located adjacent to the Belize Sugar Industries Limited (BSI) sugar factory in Tower Hill, Orange Walk district, Belize.


The project will generate new jobs in Belize, will bring modern technology, currently not utilised in the country, and will substitute energy currently being imported from Mexico and produced by diesel generation in Belize. As part of the financial plan, the IIC will provide long term financing, together with other financial institutions.


For inquiries, comments and information requests about the project

Request information

Learn 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.

ENVIRONMENTAL AND SOCIAL REVIEW

49.8 Kb

For inquiries, comments and information requests about the project

Request information

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

Contact information

For inquiries, comments and information requests about the project

Request information

Alternatively, you may also use the following contact information:

Client Contact

CONTACT NAME

N/A

POSITION

N/A

PHONE NUMBER

N/A

EMAIL

N/A

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

COUNTRY OFFICES

IDB Invest Country Offices