Company name
Industrial Pesquera Santa Priscila S.A.
Project number
15332-01
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
Ecuador
Sector
Agribusiness
Status
Proposed
Disclosed date
10/08/2025
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
11/10/2025
Approval date
N/A
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
Corporates Division
Investment type
Syndicated amount
USD $ 50,000,000
Financing amount
USD $ 150,000,000
Currency
USD
Project scope and objective
The proposed transaction with Industrial Pesquera Santa Priscila S.A. (“IPSP” or the “Company”), Ecuador’s leading shrimp exporter and one of the largest producers worldwide, consists of a senior A/B loan of up to US$150 million, with a term of up to 10 years and including a 2-year grace period. The funds will be used to finance the electrification of two of the Company’s shrimp farms, Chanduy and Bajen, which together cover 2,241.98 hectares, as part of a multi-year plan (2022–2027) to strengthen energy security through connection to the national grid and the replacement of diesel systems with electric infrastructure and equipment.
The project will contribute to the reduction of greenhouse gas emissions by progressively replacing diesel generators with electricity sourced from both the national grid and self-generation systems using renewable energy. This energy transition will reduce dependence on fossil fuels, optimize operating costs, and enhance the Company’s resilience. Additionally, the initiative aligns with corporate commitments to sustainability and climate change, supporting the Sustainable Development Goals (SDGs) and national decarbonization targets. In doing so, it not only improves operational efficiency and energy supply stability but also generates a positive impact on corporate reputation and stakeholder confidence.
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Contact information
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Client Contact
PHONE NUMBER
+593-4-600-5231 Ext: 977
POST OFFICE ADDRESS
R3X9+F9V, E8090615, Guayaquil 090613, Ecuador
IDB Invest Contact
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 [email protected] 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 [email protected] or [email protected] or calling +1(202) 623-3952.
IDB Invest has zero tolerance to reprisal or retaliation against anybody who voices its opinion or opposition to IDB Invest-financed projects.
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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.
SANTA PRISCILA - RESUMEN DE LA REVISION AMBIENTAL Y SOCIAL (RRAS)
307.2 Kb
SANTA PRISCILA - PLAN DE ACCION AMBIENTAL Y SOCIAL (PAAS)
102.4 Kb