Calidda (IDBI-13146-01)

Countries
  • Peru
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
Approved
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
Jul 31, 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
Gas Natural de Lima y Callao, S.A. (Calidda)
The holder of the loan, grant, or other investment.
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, etc.
Investment Amount (USD)
$ 100.00 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 Jul 13, 2020

Disclosed by Bank Jun 29, 2020


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Project Description

Gas Natural de Lima y Callao, S.A. (“Cálidda” or “The Company”) is the sole concessionaire for the pipeline distribution of natural gas in the Department of Lima and the Constitutional Province of Callao. Its main shareholder is Grupo de Energía de Bogotá (“GEB”), a business leader in the energy sector with operations in Colombia, Brazil, Peru, and Guatemala. The operation consists of an unsecured corporate loan for up to US$100 million (one hundred million United States dollars) with an 8-year repayment period. The funds will finance the expansion of the Natural Gas Distribution System (“NGDS”) in 2020–2021 (the “Project”) in order to reach more users, mainly households and small and medium-sized enterprises (SMEs).

People Affected By This Project

Esta operacion ha sido calificada preliminarmente en la Categoria B, de conformidad con la Politica de Sostenibilidad Ambiental y Social de BID Invest debido a que sus impactos y riesgos ambientales y sociales sean, en general, reversibles y mitigables con medidas disponibles con las tecnologias actuales.

Para la ejecucion del Proyecto, la Empresa ha elaborado los instrumentos de gestion ambiental exigidos por la legislacion ambiental sectorial (Decreto Supremo No. 039-2014-EM) y ha cumplido con los requerimientos de la autoridad sectorial competente, la Direccion Regional de Energia y Minas del Gobierno Regional de Lima y la Direccion de Asuntos Ambientales de Hidrocarburos del Ministerio de Energia y Minas ("MEM"), tanto para la construccion de la ampliacion de la red, como para su operacion y mantenimiento ("O&M") posterior.

Durante el proceso de Debida Diligencia Ambiental y Social ("DDAS"), BID Invest revisara los informes del desempeno ambiental y social, y de seguridad y salud en el trabajo ("SST") de la Empresa a traves del tiempo, la realizacion de reuniones virtuales con sus representantes y el analisis de documentos asociados a manuales, procedimientos, licencias y permisos ambientales y sociales ("A&S") y de SST del Proyecto, e informes de operacion del SDGN. Se requerira que la Empresa asegure que el Proyecto cumpla con los requisitos de la Politica de Sostenibilidad de BID Invest y que cierre cualquier brecha identificada, a traves de un Plan de Accion Ambiental y Social ("PAAS").

Sobre la base de la informacion recibida y revisada a la fecha, las Normas de Desempeno (ND) que el Proyecto estaria activando son: ND1: Evaluacion y gestion de los riesgos e impactos ambientales y sociales; ND2: Trabajo y condiciones laborales; ND3: Eficiencia del uso de los recursos y prevencion de la contaminacion; ND4: Salud y seguridad de la comunidad; y ND8: Patrimonio cultural. La determinacion final de las ND que el Proyecto activaria sera efectuada al termino del proceso de DDAS.

Una vez concluido el proceso de DDAS, un Resumen de la Revision Ambiental y Social ("RRAS" o "ESRS", por sus siglas en ingles) sera preparado y publicado en este sitio web.

Informacion Adicional

Para preguntas y comentarios a BID Invest, contactar:

Nombre: Grupo de Comunicacion de BID Invest

Correo electronico:divulgacionpublica@IDBInvest.org

Adicionalmente, las comunidades afectadas pueden acceder al Mecanismo Independiente de Consulta e Investigacion (MICI) de la CII de la siguiente forma:

Numero de telefono: +1 (202) 623-3952

Numero de fax: +1 (202) 312-4057

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

Correo electronico:mecanismo@iadb.orgoMICI@iadb.org

Investment Description
  • IDB Invest (IDBI)

As it says "Up to US$100 millions", it is most likely a credit line.

Private Actors
  • Gas Natural de Lima y Callao, S.A. (Calidda) (Investor)
Contact Information

Para preguntas acerca del Proyecto contactar favor contactar a:

Nombre: Mario Caballero
Titulo: CFO Calidda
Numero de telefono: (+51) 973561574
Correo electronico:
mario.caballero@calidda.com.pe

ACCOUNTABILITY MECHANISM OF IADB

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).