The purpose of the project is to provide access to financing to up to seven SME energy traders in Colombia.
IDB Invest will be issue a Standby Letter of Credit in favor in Bancoldex to counter guarantee the guarantees that this institution will issue in favor of XM Compania de Expertos en Mercados, S.A. E.S.P (Electricity Market operator in Colombia) for the account of up to seven SME energy traders. These guarantees are required to be issued by virtue of the Power Purchase Agreements that the traders will sign as a result of the Complementary Mechanism to the Renewable Energy tender CLPE No. 02-2019.
Client Contact name: Lizbeth Carolina Parada C.
Title: Jefe Estructuracion de Proyectos
Phone number: (57)(1) 486 30 00 Ext. 2484
ACCOUNTABILITY MECHANISM OF IADB
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).