Comgas SP (IFC-37656)

  • Brazil
Geographic location where the impacts of the investment may be experienced.
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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Oct 17, 2016
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 150.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 150.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jun 22, 2017

Disclosed by Bank Jun 14, 2016

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.
The proposed investment is for a up to $150 million (or up to BRL 500 million equivalent) in a BRL-linked A loan to support Comgas' 2016-18 capital expenditure program, adding approximately 100,000 new customers and 1,000 km of distribution network per year.
Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Comgas is the largest natural gas distribution company in Brazil, with a network of 13,000 km of pipelines covering 177 cities in 80 municipalities in the State of Sao Paulo. The Comgas concession area accounts for approximately 26% of the Brazilian gross domestic product and more than 35% of the energy consumed in Brazil. Comgas serves the following clients: over 1,500,000 residential, 14,879 commercial, 1,100 industrial, 28 cogeneration plants, two thermoelectric plants and 276 gas stations. Comgas’ predecessor companies date to 1872, with its present operations beginning with its privatization in April 1999, when Comgas was acquired by a consortium that consisted primarily of British Gas (BG) and Royal Dutch Shell (Shell). In 2012, Cosan, a Brazilian conglomerate, acquired 60.5% of the company. Despite the acquisition by Cosan, Comgas maintains its name, structure and operational procedures that were implemented by BG. Comgas currently operates under a 30-year concession through 2029, which is extendable by another 20 years.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.
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 You can learn more about the CAO and how to file a complaint at

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