Company name

Empresas Públicas de Medellín S.A E.S.P

Project number

11794-04

Category A projects could result in potentially significant environmental and/or social risks and impacts, which are diverse, irreversible, or unprecedented that may extend beyond the boundaries of the actual project site or facilities. In principle, Category A includes projects which have significant impacts on protected or sensitive areas21 and/ or vulnerable groups.

E&S category
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A

Country

Colombia

Sector

Energy

Status

In implementation

Disclosed date

10/31/2016

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

Projected board date
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11/29/2016

Approval date

11/30/2016

Signed date

12/29/2017

Sponsoring entity

N/A

Team leader

Cubillos Prieto, Fernando

Investment type

Financing requested

N/A

Syndicated amount

USD $ 700,000,000

Financing amount

USD $ 400,000,000

Currency

USD

Project scope and objective

Empresas Públicas de Medellín S.A E.S.P. ("EPM") is developing the Ituango Hydroelectric Project (the "Project"), an infrastructure project to significantly expand electricity in Colombia. Located in the Department of Antioquia, at less than one kilometer north of the Ituango River and approximately at 170 km from Medellin, the Project will be the largest hydroelectric generation plant in the country, with an installed capacity of 2,400 MW that will allow the generation of 13,900 GWh per year. The IDB Invest facility will support EPM's strategy through a 12-year non-sovereign guaranteed corporate loan, including a four-year grace period. IDB Invest's participation in this operation played a catalytic role in mobilizing new sources of long-term commercial financing for EPM.

 

 

Between April and May 2018, the Project and its surrounding areas experienced heavy rains which caused large landslides. These events coupled with the geological characteristics resulted in a blockage of this structure which caused the premature filling of the reservoir. A sudden temporary unblock of one of its diversion tunnels caused flooding downstream of the dam, a situation that led to the preventive evacuation of the communities’ residents in the area and generated unanticipated environmental effects.

 

 

 

 

As of August 2019, the Project's situation is as follows: (i) the spillway is in operation since March 2019; (ii) the dam height is complete at its final level of 435 meters above sea level; (iii) the first gate of the auxiliary diversion gallery has been reinstalled; (iv) the cleaning of the caverns of transformers, generators and surge chambers, which remained flooded for almost a year, is under way; and (v) the final closure of diversion tunnels is under way. At the end of July 2019, Colombia's National Disaster Risk Management Unit changed the risk level from red to orange for populations immediately downstream of the dam, making it possible for more than 600 families who were preemptively evacuated to return to their homes. As a result of the above, the Project timeline has been adjusted.

 

 

 

 

Latest Updates from IDB Invest

 

 

 

 

IDB Invest meets with civil society organizations to discuss Colombia’s Hidroituango project

 

 

 

 

Latest updates from EPM

 

 

 

 

https://www.epm.com.co/site/home/sala-de-prensa/noticias-y-novedades/comunicado-proyecto-hidroelectrico-ituango/preguntas-y-repuestas-ituango

 

 

 

 

 

 

 

 

 

 

 

 

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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.

IDB INVEST ENVIRONMENTAL AND SOCIAL REVIEW PROCESS

3.6 Mb

ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY

46.7 Kb

IDB INVEST ENVIRONMENTAL AND SOCIAL PROCESS BROCHURE

2.6 Mb

ENVIRONMENTAL AND SOCIAL REVIEW-ITUANGO-ENGLISH

858.1 Kb

Client files

This section provides the key environmental and social assessment documents produced by the client for this project.

CAP 01 EIA ITUANGO.PDF

1.3 Mb

CAP 02 EIA ITUANGO.PDF

890.4 Kb

CAP 03 EIA AREAS INFLUENCIA ITUANGO.PDF

139.3 Kb

CAP 03 EIA MEDIO BIOTICO ACUATICO ITUANGO.PDF

13.9 Mb

CAP 03 EIA MEDIO BIOTICO ITUANGO.PDF

4.5 Mb

CAP 03 EIA MEDIO FISICO ITUANGO.PDF

14.3 Mb

CAP 03 EIA MEDIO SOCIAL ITUANGO.PDF

14.0 Mb

CAP 03 EIA ZONIFICACION ITUANGO.PDF

685.0 Kb

CAP 04 EIA ITUANGO.PDF

1.5 Mb

CAP 05 EIA ITUANGO.PDF

1.3 Mb

CAP 06 EIA ITUANGO.PDF

102.4 Kb

CAP 07 EIA ITUANGO.PDF

5.8 Mb

CAP 08 EIA ITUANGO.PDF

1.8 Mb

CAP 09 EIA ITUANGO.PDF

776.4 Kb

CAP 10 EIA ITUANGO.PDF

221.6 Kb

CAP 11 EIA ITUANGO.PDF

455.0 Kb

ANALISIS DE ALTERNATIVAS PROYECTO ITUANGO.PDF

2.8 Mb

ESTUDIO DE ARQUEOLOGIA.PDF

18.9 Mb

ESTUDIO FAUNA ICTICA.PDF

3.3 Mb

GESTION INTEGRAL DE LA BIODIVIERSIDAD - ENTREGABLE JUNIO 2016.PDF

2.3 Mb

IMPACTOS ACUMULATIVOS EPM.PDF

2.4 Mb

MODELACION CALIDAD AGUAS DEL EMBALSE.PDF

13.0 Mb

PLAN COMPENSACION ECOSISTEMAS ACUATICOS.PDF

2.9 Mb

PLAN DE GESTION SOCIAL.PDF

1.0 Mb

INDEPENDENT ADVISORY PANEL (IAP) FIRST REPORT ON ITUANGO SEP18.PDF

3.9 Mb

INDEPENDENT ADVISORY PANEL (IAP) SECOND REPORT ON ITUANGO APR19.PDF

2.3 Mb

INDEPENDENT ADVISORY PANEL TO IDB INVEST IAP REPORT NO.3 OCTOBER 2019

3.0 Mb

INDEPENDENT ADVISORY PANEL TO IDB INVEST IAP REPORT NO.4 JUNE 2020

2.2 Mb

INDEPENDENT ADVISORY PANEL TO IDB INVEST IAP REPORT NO.5 MARCH 2021.PDF

5.7 Mb

IDB INVEST REAFFIRMS ITS COMMITMENT TO HUMAN RIGHTS

121.8 Kb

INDEPENDENT ADVISORY PANEL TO IDB INVEST IAP REPORT NO. 6 JULY 2021

1.4 Mb

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This enhanced project webpage seeks to increase IDB Invest's sharing of information on the Ituango Hydroelectric and updated efforts related to the project.

Latest news and external links

Project images

Ituango Hydroelectric Project
Ituango Hydroelectric Project
Ituango Hydroelectric Project

Contact information

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Alternatively, you may also use the following contact information:

Client Contact

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PHONE NUMBER

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EMAIL

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IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

COUNTRY OFFICES

IDB Invest Country Offices