Coelba Disco (IFC-46207)

  • Brazil
Geographic location where the impacts of the investment may be experienced.
Specific Location
State of Bahia, Brazil
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
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."
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)
$ 100.00 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)
$ 100.00 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 May 20, 2022

Disclosed by Bank May 13, 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.

IFC is considering financing of an 8-year BRL 550mn (approximately US$100 mn) “Super Green” Loan (to be processed under IFC’s UCL framework) to Companhia de Electricidade do Estado de Bahia (“Neoenergia Coelba” or the “Company”) capex plan including network upgrade, expansion and loss reduction projects in 2023 (the “Project”). Neoenergia Coelba, a power distribution company (“DisCo”) is majority-owned by Neoenergia S.A. (“Neoenergia” or the “Sponsor”), which will guarantee the IFC Loan. Neoenergia is one of the largest integrated power utilities in Brazil and is 53,5% owned by Iberdrola as of March 2022.Neoenergia Coelba is the third-largest energy distributor in Brazil in terms of number of clients and the sixth in terms of energy supplied. It operates the concession for distribution of power in 415 of 417 municipalities of the state of Bahia, in the northeast region of Brazil, and two additional municipalities in the states of Alagoas and Tocantins, covering a concession area of 563 thousand km² and reaching more than 6.4 million customers (c.15 million inhabitants).  The use of proceeds of the Corporate Loan is aimed at funding the Company's regulatory capital expenditure (“capex”) items only, including network upgrade, expansion and loss reduction projects that are eligible under Neoenergia’s Green Financing Framework, reinforcement, and improvement of the reliability of the electrical system to meet the expected market growth, including substations, renovations and upgrades, as well as automation and telecommunications. The Loan excludes new distribution and high voltage transmission lines.                                                   

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
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