CAPAS INVESTMENT PTE. LIMITED (FMO-48990)

Countries
  • Philippines
Where the impacts of the investment may be experienced.
Specific Location
Tarlac, Central Luzon
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
  • Netherlands Development Finance Company (FMO)
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
U
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
Sep 7, 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
Capas Investment Pte. Limited
The holder of the loan, grant, or other investment.
Sectors
  • 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)
$ 0.35 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 0.35 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ FMO website

Updated in EWS Jun 26, 2018


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Project Description

According to FMO website, with Sindicatum, the FMO is funding together the Capas project, a 25 MWp ground-mounted PV solar project located within the Clark Green City, in the Tarlac province of Central Luzon, the Philippines.

This funding will be provided under the Climate Investor One initiative, which has the aim to fast-track the development of renewable energy projects in emerging markets. This transaction provides Climate Investor One an opportunity to co-develop a solar project in an Asian country with strong renewable energy ambitions and potential. Furthermore Sindicatum is an experienced developer with proven track record in developing and constructing similar assets.

Investment Description
  • Netherlands Development Finance Company (FMO)
Private Actors

Capas Investment Pte. Limited is a Singapore based Holding company established together with Sindicatum Renewable Energy Company Pte. Ltd Singapore (Sindicatum).

Contact Information

No contact information provided at time of disclosure.

ACCOUNTABILITY MECHANISM OF FMO

Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW) . A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/independent-complaints-mechanism