Kattan Group (IDBI-12467-01)

Countries
  • Honduras
Where the impacts of the investment may be experienced.
Financial Institutions
  • IDB Invest
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.
Voting Date
Jan 22, 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
Inmobiliaria Hondurena del Valle S.A. de C.V.
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)
$ 5.00 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)
$ 5.00 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)
$ 5.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ IDBI website

Updated in EWS Jan 23, 2019


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Project Description

According to the bank, IDB Invest is considering granting a long-term loan to finance the solar park installation, with a capacity of up to 6.48 MWp (8,374 MWh/year). A first loss guarantee is expected to be granted for this project under the SREP (Honduran Self-Supply Renewable Energy Guarantee Program) of up to $1.25 million as well as a possible mixed funding instrument.

The proposed financing takes into consideration the following objectives: (i) To support one of the country's main Duty-Free zones generate solar energy for the self-supply of its clients, thereby improving competitiveness as energy costs are a determining factor in the appeal of DFI to the textile and manufacturing sector; (ii) to reduce greenhouse gas (GHG) emissions by up to 5,182 Ton CO2/year; (iii) to contribute to an energy storage study with the use of batteries to avoid demand peaks; and (iv) the creation of jobs through the execution of the project, and transfer knowledge to the local market through technical assistance.

Investment Description
  • IDB Invest
Private Actors
Contact Information

Julio Avila
Chief, Executive Officer
Email:
julio.avila@kattangroup.com
Telephone: (+504) 2617-0050

For inquiries and comments to IDB Invest, please contact: IDB Invest Communications Group: Email: divulgacionpublica@iadb.org

For Project inquiries, including questions on environmental and social issues related to IDB Invest investments, please contact the Client or IDB Invest using the contact information provided above.

As a last resort, communities affected by the Project have access to IDB Invest's Independent Consultation and Investigation Mechanism (http://www.iic.org/en/who-we-are/integrity-and-transparency).

Tel: +1 (202) 623-3952

Fax: +1 (202) 312-4057

Address: 1300 New York Ave. NW Washington, DC. USA. 20577

E-mail: mecanismo@iadb.org or MICI@iadb.org