ENGIE Energia Peru S.A.
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.
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
Project scope and objective
IDB Invest has provided an up to $300 million loan to ENGIE Energía Peru S.A. (EEP) to finance the construction of the 296.4MW Punta Lomitas greenfield wind farm, including its expansion and transmission lines located in the Department of Ica, 300 kilometers south of Lima, the capital of Peru. This is the largest non-conventional renewable energy project in the country to date. The financing consists of a fully underwritten IDB Invest loan package of up to $300 million, which includes resources mobilized from the Dutch entrepreneurial development bank (FMO) for $100 million and with BNP Paribas for $55 million.
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