Early Warning System

Countries

Lebanon

Geographic location where the impacts of the investment may be experienced.

Specific Location

Jabal Akroum, Akkar

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

US International Development Finance Corporation (DFC)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Proposed

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."

Borrower

Akuo Energy

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Energy

The service or industry focus of the investment. A project can have several sectors.

Investment Amount (USD)

Not Disclosed

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.

Bank Documents

Primary Source

Original disclosure @ DFC website

Updated in EWS Aug 21, 2020

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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.

According to bank documents, the proposed Project involves the construction and operation of an 82.5 MW wind farm in the area of Jabal Akroum, Akkar on Lebanon’s northeastern border with Syria. The Project area is approximately 10 km2. Land parcels needed for the Project will be leased or purchased from families in Jabal-Akroum Kfartoun, the Municipality of Aandqet and the Jaafar Family (i.e. Rweimeh Village). The Project will lease 126,332 m2 of land for 28 years and acquire 13,255 m2 of land permanently. The Project is one of three wind energy projects being developed through signed Power Purchase Agreements with the Government of Lebanon. The other two projects are Lebanon Wind Power and Hawa Akkar. The three projects are located along the same ridge line and will share transportation route of wind turbine generator (WTG) components and internal tracks.

The Project will comprise the construction and operation of up to 21 WTGs ranging in power rating from 4.2 MW to 5.3 MW, underground cable networks, external and internal access roads, power substation and temporary and permanent maintenance buildings, parking/laydown/assembly areas, and a substation. Villages in the Project’s direct area of influence include: Fnaidek, Karm Chbat, Rweimeh Village, Chadra, Machta Hammoud, Mqaible, Aandqet, and Jabal Akroum-Kfartoun.

Private Actor 1	Private Actor 1 Role	Private Actor 1 Sector	Relation	Private Actor 2	Private Actor 2 Role	Private Actor 2 Sector
-	-	-	-	Akuo Energy SAS	Client	-

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.

Lebanon, Akkar Caza, Kfartoun, Kfartoun Main Road, Jouret el Tini street, Khaled Hassan bldg.
Ground Floor.