Company name
Nicefield S.A. (“Nicefield”)
Project number
11624-02
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
B
Country
Uruguay
Sector
Energy
Status
In implementation
Disclosed date
11/06/2015
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
12/08/2015
Approval date
03/22/2016
Signed date
03/31/2016
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
USD $ 68,160,000
Financing amount
USD $ 67,000,000
Currency
USD
Project scope and objective
Nicefield is a special-purpose corporation established to develop a 70 MW wind farm called Campo Palomas under an operating lease agreement with state company Administración Nacional de Usinas y Transmisiones (UTE). The wind farm is located in the Department of Salto, about 540 km from Montevideo. It involves the installation of 35 Vestas 110 wind turbines of 2.0 MW each. An investment of US$173 million is projected for purchasing and installing the wind turbines, building internal roads, and laying internal subterranean power lines, as well as constructing 6 km of 150-kV transmission lines connecting to the Salto Grande-Arapey substation (150 kV) and the wiring for the entire wind farm.
Enertey is a Uruguayan company that leads the concessions market. It currently operates two wind farms of 50 MW each.
Inabensa is a Spanish company that is a global leader in the design and manufacture of power plant systems and the construction of substations and transmission lines.
Abengoa is a global engineering and technology company founded in 1941 in Seville, Spain. It is a global leader in the development of renewable energy, infrastructure, and waste recycling. It has been operating in Latin America since 1963 and has a presence in more than 80 countries.
The proceeds from the IIC loan will be used for the installation, start-up, and operation of the aforementioned wind farm.
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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 OfficesIndividuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing mgm@iadb.org or by calling +1 202 312 4040.
As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing to mecanismo@iadb.org or MICI@iadb.org or calling +1(292) 623-3952.
For inquiries, comments and information requests about the project
Request informationLearn 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
41.8 Kb
CAMPO PALOMAS ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)
618.0 Kb