Cerradinho Bio (IFC-35523)

Countries
  • Brazil
Where the impacts of the investment may be experienced.
Specific Location
Chapadão do Céu, Goias
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • International Finance Corporation (IFC)
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
Jun 17, 2016
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
CERRADINHO BIOENERGIA SA
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
  • 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)
$ 48.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported BLR 150 million
Converted using 2017-03-30 exchange rate.
Project Cost (USD)
$ 48.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported BLR 150 million
Converted using 2017-03-30 exchange rate.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jun 22, 2017

Disclosed by Bank May 17, 2016


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Project Description
The proposed investment in Cerradinho Bioenergia S.A. (“CerradinhoBio” or “the company”) will support the expansion of a large Brazilian ethanol, and biomass-based electricity producer with operations in the state of Goiás. Specifically, the project will support the company’s investment project for increasing crushing and electricity generation capacity.
Investment Description
  • International Finance Corporation (IFC)
Contact Information
CerradinhoBio has available for the general public some channels of communication with the company disclosed at their website, including email address, phone numbers and mail information: http://www.cerradinhobio.com.br/conteudo_pti.asp?idioma=0&conta=45&tipo=53225 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/