Company name

West Indies Company S.A. - WINECO

Project number

12165-01

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

Haiti

Sector

Energy

Status

Approved

Disclosed date

08/07/2020

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

Projected board date
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06/24/2021

Approval date

06/29/2021

Signed date

N/A

Sponsoring entity

Terminal Varreux S.A. - TEVASA

Team leader

Monje, Marco

Investment type

Financing requested

N/A

Syndicated amount

N/A

Financing amount

USD $ 5,700,000

Currency

USD

Project scope and objective

The Inter-American Investment Corporation (“IDB Invest”) is considering providing a long-term loan to West Indies Energy Company (“WINECO” or the “Company”), that will be used to (i) refinance WINECO’s existing loan with IDB Invest; and (ii) expand WINECO’s fuel unloading and storage capacity through the construction of (a) an additional 12.5 meter pier, (b) the improvement of the jetty infrastructure to accommodate larger vessels and to speed up discharge into the storage tanks and (c) two additional 4,000,000 gallon fuel storage tanks and its associated facilities located in Port-au-Prince, (the “Project”). The total estimated cost of the Project is US$ 12.0 – 14.0 million.

 

 

WINECO is a liquid terminal that provides intake from vessels, storage and distribution by trucks or pipeline of bulk liquids ranging from petroleum products to industrial chemicals and edible cooking oils. WINECO is the largest petroleum and liquid bulk storage and handling facility in Haiti, with storage capacity of approximately 1 million barrels, spread over 20 tanks located adjacent to the port facilities owned by Terminal Varreux S.A., (“TEVASA”), a related company.

 

 

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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

45.8 Kb

WINECO 2 ENVIRONMENTAL AND SOCIAL SUMMARY REPORT (ESRS)

337.8 Kb

WINECO 2 ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)

184.3 Kb

Client files

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

WINECO ETUDE D'IMPACT ENVIRONNEMENTAL ET SOCIAL (EIES).PDF

1.4 Mb

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Contact information

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Alternatively, you may also use the following contact information:

Client Contact

CONTACT NAME

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POSITION

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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