Company name

LS Energía Dominicana S.R.L. ("LSED")

Project number

DR3641A-01

Category C projects are those that are likely to result in very limited or no adverse environmental or social impacts or risks.

E&S category
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C

Country

Dominican Republic

Sector

Energy

Status

Inactive

Disclosed date

10/18/2011

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

Projected board date
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09/13/2011

Approval date

11/22/2011

Signed date

N/A

Sponsoring entity

N/A

Team leader

Navas, Rodrigo

Investment type

Financing requested

N/A

Syndicated amount

USD $ 20,900,000

Financing amount

USD $ 63,000,000

Currency

USD

Project scope and objective

LSED is a company that was established recently to carry out a power generation project being developed for the municipality of Boca Chica, Santo Domingo province. It is a subsidiary of LS Energía Inc., a company domiciled in Panama, which consolidates all of the group’s international operations.

The purpose of this IIC operation is to finance the construction, start-up, and operation of a combined-cycle, natural gas-fired thermoelectric power plant with a capacity of up to 82 megawatts. The project will be located on land already acquired by LSED.

The IIC is evaluating a US$5.0 million A loan, a US$35.0 million B loan, and a US$5.0 million subordinated loan.

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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. Any gaps with respect to the IDB Invest Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) provided below.

ENVIRONMENTAL AND SOCIAL REVIEW

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Contact information

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