PH Jilamito (IDBI-11784-08)

Countries
  • Honduras
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
Bank Risk Rating
A
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
May 7, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Inversiones de Generacion Electricas, S.A. ("Ingelsa")
The holder of the loan, grant, or other investment.
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, etc.
Investment Amount (USD)
$ 21.50 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. 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, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IDBI website

Updated in EWS Oct 25, 2019


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Project 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

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
  • IDB Invest (IDBI)
Private Actors
  • Inversiones de Generaci├│n El├ęctricas, S.A. -- Implementing Company
Contact Information

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).