Vientos Los Hercules S.A. (MIGA-57a7eb6297)

Countries
  • Argentina
Where the impacts of the investment may be experienced.
Specific Location
Province of Santa Cruz, Argentina
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
  • Multilateral Investment Guarantee Agency (MIGA)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
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
May 15, 2018
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
Mitsui & Co. Ltd.
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)
Guarantee
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 30.00 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 @ MIGA website

Updated in EWS Dec 14, 2018

Disclosed by Bank Apr 4, 2018


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Project Description

Mitsui and Company (Mitsui) of Japan is seeking MIGA guarantees for its US $30 million equity investment into the Vientos Los Hercules (VLH) Project. The Project involves the design, construction, operation and maintenance of a 97.2 megawatt (MW) wind farm in Santa Cruz, located 35km west of the city of Pico. VLH is a special purpose vehicle responsible for the construction and operation of the Project, which is fully owned by Total Eren.

The Project will install 27 SENVION 3.6 MW wind turbine generators (WTGs) linked to 33 kilovolt (kV) collector switchgear. The total area of land required for the Project is 350 ha. The voltage will then be stepped up to a transmission voltage of 132 kV at an on-site substation and will be evacuated through the Las Heras-Santa Cruz Norte 132 kV transmission line, which runs adjacent to the site. Approximately 14 km of access roads will be constructed within the 350 ha Project area, and water for the Project will be sourced from groundwater. The total Project cost is estimated at US$223 million. The Project was awarded as part of the Government of Argentina's (GoA) RenovAr public tendering program.

 

Investment Description
  • Multilateral Investment Guarantee Agency (MIGA)
Private Actors
Contact Information

ACCOUNTABILITY MECHANISM OF 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/