LS Energía Dominicana S.R.L. ("LSED")
Category C projects are those that are likely to result in very limited or no adverse environmental or social impacts or risks.
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
USD $ 20,900,000
USD $ 63,000,000
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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