Company name
Belize Sugar Industries Limited
Project number
BL3364A-01
N/A
E&S category
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
10/24/2006
Approval date
11/07/2006
Signed date
02/15/2007
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
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.
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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 OfficesFor inquiries, comments and information requests about the project
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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
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