Company name

YPF Energía Eléctrica S.A.

Project number

11819-01

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
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B

Country

Argentina

Sector

Energy

Status

In implementation

Disclosed date

09/01/2016

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

Projected board date
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10/04/2016

Approval date

11/22/2016

Signed date

12/02/2016

Sponsoring entity

N/A

Team leader

Vieiro Cobas, Javier

Investment type

Financing requested

N/A

Syndicated amount

USD $ 100,000,000

Financing amount

USD $ 100,400,000

Currency

USD

Project scope and objective

The objective of the Project is the financing of the construction, operation and maintenance of a 50MW wind park and its associated facilities including a 19km 132 kV transmission line, and an a second phase that will add additional 50MW of installed capacity. The total project cost is approximately US$ 200 million and will be financed on a corporate basis. The financial plan for the project will include an A loan of up to US$ 100 million with a 9 year tenor, and a B loan of up to US$ 100 million with a tenor of up to 7 years. The loan will also include a grace period of up to 3 years. The project will contribute to the development of renewable energy in Argentina by contributing to the diversification of its energy matrix. The first phase of the project will add 50 MW of renewable capacity to the national grid thus decreasing fossil fuel generation reliance; and by displacing approximately 127,970 equivalent tons of carbon emissions per year.

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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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EMAIL

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PHONE

+1(202)-566-4566

ADDRESS

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