Company name
National Gas Company (Belize) Limited
Project number
12486-01
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
Belize
Sector
Energy
Status
In implementation
Disclosed date
11/18/2019
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
04/03/2020
Approval date
06/09/2020
Signed date
11/20/2020
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
N/A
Financing amount
USD $ 6,000,000
Currency
USD
Project scope and objective
The project consists of the design, construction, operation and maintenance of an LPG terminal and its associated facilities to be located approximately 100 miles south of Belize’s capital, Belmopan.
The new terminal will consist of new LPG tanks, an LPG testing laboratory, loading and unloading facilities, and two bulk plants for wholesale distribution. It’s expected that it will be capable of storing at minimum 150% of Belize’s monthly LPG demand and will contribute to improve the quality of LPG supply into the country due to improved regulation and appropriate LPG blends, thus leading to a safer use of LPG in Belizean households. Additionally, the Project aims to provide a cost-effective LPG supply. The company leading the development of the Project is National Gas Company (Belize) Limited (“the Company” or “NGC”).
The total cost of the Project is estimated at US$31.7 million, of which the IDB loan will finance up to US$5.5 million. Through this loan IDB Invest seeks to greatly improve energy security in Belize.
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Client files
This section provides the key environmental and social assessment documents produced by the client for this project.
LLES - NATIONAL LPG LANDING TERMINAL - FINAL -11TH DEC 2017.PDF
23.1 Mb
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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
131.3 Kb
PUBLIC DISCLOSURE NGC.PDF
416.3 Kb