Aguas Pacifico (IFC-45455)

Countries
  • Chile
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
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
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
Jan 13, 2023
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.
Borrower
AGUAS PACIFICO HOLDING SPA
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Infrastructure
  • Water and Sanitation
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 659.00 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)
$ 822.00 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.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Nov 27, 2022

Disclosed by Bank Nov 18, 2022

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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.

According to the Bank’s website, the project consists of the financing of a desalinization plant and water pipeline to provide 1,000 liters per second (l/s) of desalinated water to diverse users in the central V and Metropolitan regions of Chile. A large portion of the water will be sold under contract to industrial-scale users, while the Project will also sell water to six rural potable water associations (APR, for its Spanish acronym). Aguas Pacífico Holding SpA, a portfolio company of Patria Infrastructure Fund III, an existing IFC client, will own and operate the Project. The Project costs are estimated at US$822 million, to be financed with long-term debt and equity. The proposed IFC investment consists of up to US$200 million A Loan and up to US$459 million B Loan. The Project captures three major components: (1) The Aconcagua Desalination Plant in the bay of Quintero (the “Desalination Plant”),” comprised of a seawater intake submerged pipeline, a brine emissary submerged pipeline, a 1,000 l/s reverse osmosis desalination plant, a 110 kV transmission line (1 km) connecting the Desalination Plant, and a 28 km buried water pipeline between the plant and San Isidro (near Quillota); (2) the San Isidro – Quilapilun Aqueduct (the “Water Pipeline”),” comprised of a pumping station, a 23 kV transmission line connected to the pumping station (5 km), and a 76 km buried water pipeline including a 6 km tunnel between San Isidro and Quilapilun (the latter in the Metropolitan region), and (3) the Puchuncavi Substation (the “Substation”),”) comprised of a 110/23 kV electrical substation at the Desalination Plant site.       

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Aguas Pacífico SpA Client -
- - - - Patria Fund Parent Company -

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.

Aguas Pacífico Holding SpA
Camilo Pacheco
Gerente de Asuntos Corporativos
+56 2 2938 9456
camilo.pacheco@aguaspacifico.cl
Av. Apoquindo 3472, Piso 16 / Las Condes - Santiago de Chile
https://www.aguaspacifico.cl

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.

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

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How it works