WINECO 2 (IDBI-12165-01)

Countries
  • Haiti
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
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.
Borrower
West Indies Company S.A. - WINECO
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)
$ 14.00 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)
$ 14.00 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 @ IDBI website

Updated in EWS Aug 8, 2020

Disclosed by Bank Aug 7, 2020

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Project Description

The Inter-American Investment Corporation ("IDB Invest") is considering providing a long-term loan to West Indies Energy Company ("WINECO" or the "Company"), that will be used to (i) refinance WINECO's existing loan with IDB Invest; and (ii) expand WINECO's fuel unloading and storage capacity through the construction of (a) an additional 12.5 meter pier, (b) the improvement of the jetty infrastructure to accommodate larger vessels and to speed up discharge into the storage tanks and (c) two additional 4,000,000 gallon fuel storage tanks and its associated facilities located in Port-au-Prince, (the "Project"). The total estimated cost of the Project is US$ 12.0 - 14.0 million.

Investment Description
  • IDB Invest (IDBI)
Private Actors
Contact Information

For questions about the Project contact please contact:

Name: Georges Lebrun
Title: Vice President
Phone number: (509)-3679-7979
Email: geolebrun@winecosa.com