Envision's Wind Projects-Argentina (IIC-12113-01)

Countries
  • Argentina
Where the impacts of the investment may be experienced.
Specific Location
Buenos Aires; Neuquén; Rio Negro
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • IDB Invest
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Bank Risk Rating
B
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
Mar 6, 2018
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
(i) Garcia del Rio Wind Project Special Purpose Company; (ii) Vientos del Secano Wind Project Specia
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)
$ 40.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 200.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IIC website

Updated in EWS Oct 27, 2017

Disclosed by Bank Oct 13, 2017


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Project Description
The Inter-American Investment Corporation (IIC) is considering providing a loan to Envision Energy to support the construction, operation and maintenance of four wind farms in Argentina for a total installed capacity of approximately 185 MW, and its associated transmission lines, related civil engineering works, access roads, substations, and control stations (the “Project”). The windfarms are the following:: (i) the Garcia del Rio Wind Project (10 MW) to be located in the Bahia Blanca Department in the Province of Buenos Aires; (ii) the Vientos del Secano Wind Project (50MW) to be located 60 km to the south of Bahia Blanca city in the Province of Buenos Aires; (iii) the Los Meandros Wind Project (75MW) to be located 30km northeast of the Cutral Co city, in the Neuquén Province; and (iv) the in Cerro Alto Wind Project (50MW) to be located in the Pilaniyeu department in the Province of Rio Negro.
Investment Description
  • IDB Invest
Contact Information
For inquiries about the Project, contact: Envision Energy Client Contact name: Nina Chen Email address: ying.chen@envision-energy.com For additional information contact: IIC’s Communications Group divulgacionpublica@iadb.org For inquiries and comments to IIC, contact: IIC’s Communications Group E-mail: divulgacionpublica@iadb.org ACCOUNTABILITY MECHANISM OF IIC 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).