Early Warning System

Countries

Haiti

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

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

Nov 20, 2018

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

Sigora Haiti, S.A.

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Energy
Infrastructure

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)

$ 10.00 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.

Project Cost (USD)

$ 10.00 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

ESRS Sigora.pdf [Original Source]

Campaign Documents

Sigora Haiti website

Primary Source

Original disclosure @ IDBI website

Updated in EWS Nov 26, 2018

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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 the bank, Sigora intends to expand the Pilot Project by adding wind power and battery capacity, interconnecting the municipalities of Mole Saint Nicolas, Jean Rabel and Bombardopolis, and expanding the grid to reach the municipality of Mare Rouge to provide 24-7 electricity service for a total of 6,600 commercial and residential connections in the Northwest of Haiti ("Cluster 1"). In addition, Sigora plans to build a second, independent, microgrid approximately 200 km south of Cluster 1 in the municipalities of Liancourt, Petite Riviere de l'Artibonite and Dessalines ("Cluster 2"). Cluster 2 will consist of diesel and solar generation combined with battery technology and will allow Sigora to add 15,000 connections. Ultimately, the Project will supply electricity to approximately 21,600 connections, or 110,000 individuals, in eight municipalities. Together the Cluster 1 activities and Cluster 2 activities are the "Project".

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.

The Project has been classified as a Category B (Medium-Risk) operation according with BID Invest's Environmental and Social Sustainability Policy since it will likely generate, among other, the following impacts: i) potential fuel and oil spills caused by the use of machinery and transport vehicles and diesel plants; ii) erosion caused by surface runoff during rains or wind; iii) pollution of superficial and ground water caused by fuel and oil spills; iv) dust produced by wind erosion caused by exposition of soil materials; v) emissions of GHG to the atmosphere caused by the use of machinery and transport vehicles and indirect carbon emissions and air pollution from energy losses during transmission; vi) risk to birds and bats; vii) electromagnetic fields from transmission lines that might affect neighboring communities; viii) increase in health and safety risks due to construction and electrical interconnection activities; ix) visual impact of transmission lines and wind turbines; and x) potential impact to historical buildings and tourism. These impacts are deemed to be of low to medium intensity.

The following Performance Standards have been triggered by the Project:

PS1: Assessment and Management of Environmental and Social Risks and ImpactsPS2: Labor and Working ConditionsPS3: Resource Efficiency and Pollution PreventionPS4: Community Health, Safety, and SecurityPS5: Land Acquisition and Involuntary ResettlementPS6: Biodiversity Conservation and Sustainable Management of Living Natural ResourcesPS 8: Cultural Heritage

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

IDB Invest (IDBI)

Private Actor 1	Private Actor 1 Role	Private Actor 1 Sector	Relation	Private Actor 2	Private Actor 2 Role	Private Actor 2 Sector
-	-	-	-	Sigora Haiti SA	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.

Contact name: Sonja Schilling
Position: Director of Operations
Telephone: Haiti [+50936725703] US [+17868431178]
E-mail:
sonja@sigora.co