Original disclosure @ MIGA website
Updated in EWS Apr 29, 2023
Disclosed by Bank Mar 30, 2023
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According to the Bank’s website, MIGA issued guarantees to cover: (i) an equity investment and retained earnings of US$11.6 million on behalf of KLED Capital Limited of the British Virgin Islands for up to 15 years on December 16, 2021; and (ii) a non-shareholder loan and future interests of US$9.9 million on behalf of CIFI LATAM S.A of Panama for up to 8 years on March 15, 2023 into KLED Capital Limited incorporated in Saint Lucia (the Project Enterprise) against the risks of Breach of Contract, Transfer Restriction, and Expropriation.
The Project consists of the installation, operation, and service of 24,640 energy efficient LED streetlights in total through the replacement of 22,000 existing old sodium lamps with LED lamps and installation of 2,460 new LED streetlights by the Project Enterprise as per the Fixed Price Public-Private Partnership Contract signed between KLED Capital Limited and the Government of Saint Lucia.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||CIFI LATAM S.A.||Subsidiary||-|
|-||-||-||-||KLED Capital Limited||Client||-|
Project Manager - Procurement, Imports, Storage: Jeffrey Ogden / Jeffrey.Ogden@KLEDplc.com
Site Supervisor - Day to day project management. Team manager: Windy Mangal / email@example.com
Environment Supervisor - Ensuring H&S conformity among teams: Jeffrey Ogden / Jeffrey.Ogden@KLEDplc.com
HSE Representative - Periodic Risk Assessment: Jeffrey Ogden / Jeffrey.Ogden@KLEDplc.com
ACCESS TO INFORMATION
You can submit a request for information disclosure at: https://www.miga.org/contact/access_to_information
You can also request general information about MIGA and for information on guarantees by emailing: firstname.lastname@example.org
ACCOUNTABILITY MECHANISM OF IFC/MIGA
The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org