Company name
Natelu S.A. / Yarnel S.A.
Project number
UR3869A-01/ 11466-03
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
Uruguay
Sector
Energy
Status
In implementation
Disclosed date
06/28/2016
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
05/23/2016
Approval date
07/05/2016
Signed date
09/09/2016
Sponsoring entity
N/A
Investment Operations Department Contact
Portfolio Management Division
Investment type
Syndicated amount
USD $ 6,400,000
Financing amount
USD $ 17,100,000
Currency
USD
Project scope and objective
The Project consists of the construction, operation and maintenance of two solar power plants and any related facilities, with an installed capacity of 9.5MW each. The plants will use Korean Hanwa Q-Cells photovoltaic panels, mounted over fixed structures and connected to inverters to provide power to the 31.5 kV distribution line grid of the Administración Nacional de Usinas y Trasmisiones Eléctricas (UTE). The financial plan includes an IIC and Canadian Climate Fund (C2F) loan for 75% of the total cost of each Project (50% each entity). The Project will be sponsored by Solaria Energía y Medio Ambiente S.A., a Spanish company established in 2002 and listed on the Madrid Stock Exchange.
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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 OfficesFor inquiries, comments and information requests about the project
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