PH Jilamito (IDBI-11784-08)

Countries
  • Honduras
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • IDB Invest (IDBI)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
A
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
May 7, 2019
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Inversiones de Generacion Electricas, S.A. ("Ingelsa")
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 21.50 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 21.50 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ IDBI website

Updated in EWS Oct 25, 2019

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to IDB Invest, the PH Jilamito Project consist of the development, construction, commissioning and operation of run-of-the-river hydroelectric plant with an installed capacity of 14.8MW that will connect to the national grid via a 10.5 km / 34.5kV transmission line from the powerhouse substation to a switching substation to be built, owned and operated by Ingelsa. 

People Affected By This Project
People Affected By This Project refers to the communities of people likely to be affected positively or negatively by a project.

This Project has been classified as a Category A project, pursuant to the IDB Invest Environmental and Social Sustainability Policy, since it could have the following adverse environmental and social impacts: (i) disturbance of natural and critical habitats, especially forest habitats in the buffer zone of a protected area because of need to access and build Project structures; (ii) erosion and soil washing, due to the construction of the accessway to the conduction tunnel, localized works for installing the cable car towers, change in land use/clearing needed for establishing the workers' camp, water intakes and material deposits; (iii) generation of dust and changes in air quality during road improvement works and associated accesses to the transmission line; (iv) disruptions to vehicles and traffic, especially on secondary roads, and potential difficulties in access to or temporary impact on economic activities in neighboring communities or towns; (v) increase in the level of occupational health and safety risks for workers, especially at high elevations/forest areas; (vi) potential water and soil contamination by hazardous waste; (vii) possible impacts on sensitive species (CR and EN listed amphibians and reptiles); (viii) possible economic displacement of and compensation for subsistence agriculture/cattle raising in the project's area of influence, and (ix) noise and introduction of vibrations. Most of these impacts are estimated to be moderate and impacts to biodiversity are currently being evaluated but are preliminarily considered to be moderate to high.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Inversiones de Generación Eléctricas, S.A. Client -

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Client Contact name: Jorge Rodriguez
Title: Project Manager
Phone number: +504 9965-9072
email address:
marjory.rodezno@iesa.hn

ACCOUNTABILITY MECHANISM OF IDB INVEST

The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IIC)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IIC is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).

How it works

How it works