GENERACION RENOVABLE DE HONDURAS S.A. DE C.V. (FMO-50161)

Countries
  • Honduras
Where the impacts of the investment may be experienced.
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
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
Dec 1, 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
GENERACION RENOVABLE DE HONDURAS S.A. DE C.V.
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)
$ 16.00 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

FROM THE FMO:

WHO IS OUR CLIENT

Generación Renovable de Honduras, S.A. de C.V. (GENERSA) is an Honduran company that is developing, constructing and later operating a 25MW PV solar power project in Honduras.

FUNDING OBJECTIVE

FMO provides long-term finance to this solar power project and is MLA for all debt providers.

WHY WE FUND THIS PROJECT

The project will generate green energy to be distributed via the national grid to people's homes and businesses.

Investment Description
  • Netherlands Development Finance Company (FMO)

FMO provides long-term finance of up to USD 16 million to this solar power project and is MLA for all debt providers.

Contact Information

FMO
The Netherlands
+31 70 314 96 96
info@fmo.nl

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