Company name
Empresa de Generación Eléctrica Canchayllo S.A.C. (“EGECSAC”)
Project number
PE3949A-01
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
Peru
Sector
Energy
Status
Completed
Disclosed date
09/14/2012
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
10/16/2012
Approval date
12/04/2012
Signed date
12/19/2012
Sponsoring entity
Not applicable
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
USD $ 3,086,000
Financing amount
USD $ 7,200,000
Currency
USD
Project scope and objective
Empresa de Generación Eléctrica Canchayllo S.A.C. (EGECSAC) was established in 2011 to generate and sell electricity.
The purpose of this IIC project is to provide EGECSAC with financing to build and operate a hydroelectric plant with a generating capacity of 5.3 megawatts in Canchayllo District, Department of Junín, some 230 km from Lima. The plant will generate around 38 gigawatt hours of clean energy per year, with an average plant factor of 83%. Located on the Pachacayo River (a tributary of the Mantaro River), this plant will generate hydropower using run-of-the-river technology. It has a design flow of 7.0 m3 per second. The power will be transmitted to the National Electrical Grid System (SEIN) through a 22.9 kV transmission line extending 4 km.
Construction is expected to take 23 months, beginning in October 2012 and ending in September 2014. The total cost of the project is US$10,286,000.
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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
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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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