Barbados Port Inc. (IDBI-12683-01)

Countries
  • Barbados
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.
Voting Date
Dec 18, 2020
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
Barbados Port Inc.
The holder of the loan, grant, or other investment.
Sectors
  • Climate and Environment
  • 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)
$ 25.00 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)
$ 25.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IDBI website

Updated in EWS Nov 9, 2020

Disclosed by Bank Oct 29, 2020


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Project Description

The Port of Bridgetown Barbados (“BPI”, the “Port” or the “Company”) is a combined facility which operates two functions through one port of entry: cruise tourism and cargo operations. BPI, a state-owned entity, is planning to build a waste-to-energy (“WTE”) system consisting of an incinerator and an organic or Steam Rankine Cycle turbine to manage waste produced from cruise ships and port operations and to produce energy through the conversion of thermal to electrical energy. The Company is also planning to install an additional 500 kW of rooftop solar photovoltaic (“PV”) system to double the generation capacity of its existing 500 kW system. These proposed activities are all known as the “Project”.

The scope of IDB Invest’s environmental and social (“E&S”) review included online meetings and phone calls with: i) BPI’s team (BPI’s management and technical specialists); ii) a service provider (garbage disposal company); and iii) Hatch Ltd. (“Hatch”), a third-party technical engineering firm hired by IDB Invest to support BPI in identifying feasible WTE technologies.1 The review focused on: i) BPI’s corporate, environmental, social, and occupational health and safety management procedures and policies; and ii) a feasibility study for WTE and solar PV facilities developed by Hatch.

The environmental and social due diligence ("ESDD") process took place in July 2020 and was conducted in a virtual form due to the COVID-19 pandemic’s traveling restrictions.

People Affected By This Project

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

For Project inquiries please contact the Client:

Barbados Port Inc.
Name: Karen Forde
Title: Chief Financial Officer & Corporate Secretary
Phone: (246) 434-6100
Email:
kforde@barbadosport.com

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://www.iadb.org/en/access-information/information-request

ACCOUNTABILITY MECHANISM OF IDB / IDB INVEST

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 (IDB Invest)-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 IDB Invest 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).