EDP ES (IFC-50172)

Regions
  • Latin America and Caribbean
Geographic location where the impacts of the investment may be experienced.
Countries
  • Brazil
Geographic location where the impacts of the investment may be experienced.
Specific Location
Espirito Santo State
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
Approved
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
Aug 7, 2026
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
EDP Espirito Santo Distribuicao de Energia S.A.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
  • Infrastructure
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)
$ 78.47 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.
Currency conversion note:
Bank reported 400
Converted using 2026-08-07 exchange rate.
Loan Amount (USD)
$ 78.47 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.
Currency conversion note:
Bank reported 400
Converted using 2026-08-07 exchange rate.
Project Cost (USD)
$ 156.93 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.
Currency conversion note:
Bank reported 800
Converted using 2026-08-07 exchange rate.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Oct 12, 2026

Disclosed by Bank Aug 26, 2026

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Contact the EWS Team

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.

As stated by the IFC, the Project consists of an up to BRL 400 million (approximately USD 81 million) anchor investment in an 10-year unsecured debenture of up to BRL 800 million (approximately USD 162 million) to be issued by EDP Espirito Santo Distribuicao de Energia S.A.. IFC proceeds will finance a portion of the Company’s capex program, which includes investments in loss-reduction, renewal and refurbishment of distribution assets, grid automation, and telecommunications. The remainder BRL 400 million (approximately USD 81 million) of the issuance will support the Company’s general capital expenditures program.

This project does not consider any advisory services. Nevertheless, EDP has partnered with IFC Future Grids Alliance, a platform in which IFC client members gain special access to three of IFC’s unique value additions: advisory services, financing, and global networking.

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

As stated by the IFC, the total issuance amounts to BRL 800 million (USD 162 million). IFC investment consists of a subscription to an Infrastructure Debenture (Law 14.801/2024) of an amount of BRL 400 million (~USD 81 million), with the remainder expected to be mobilized through distribution in the Brazilian capital markets, through an Incentivized Debenture (Law 12.431/2011).  

Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated by the IFC, EDP ES is a wholly owned subsidiary of EDP Brasil, a holding company headquartered in Brazil with investments in across the entire energy value chain. EDP Brasil is, in turn, fully owned by EDP Energias de Portugal S.A., the group’s ultimate parent company, headquartered in Portugal, and listed on the Lisbon Stock Exchange.  

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - EDP Energias de Portugal SA Parent Company Energy

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.

Client - EDP Espirito Santo:

Julio Cesar de Andrade - Finance Director
Email: edpbr.estruturacao.financeira@edp.com.br
Website: https://ri.edp.com.br/pt-br/

General IFC Inquiries - IFC Communications:

Address: 2121 Pennsylvania Avenue, NW, Washington DC 20433
Telephone: +1 202-473-3800
Fax: +1 202-974-4384

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

How it works

How it works