Navojoa Solar PV (IIC-12402-01)

Countries
  • Mexico
Geographic location where the impacts of the investment may be experienced.
Specific Location
South of the state of Sonora, in the municipality of Navajoa, in the San Jose property.
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
  • IDB Invest (IDBI)
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
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
Oct 30, 2018
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
Kenergreen S.A.P.I. de C.V.; X-ELIO Energy S.L.
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 Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 30.00 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.
Loan Amount (USD)
$ 30.00 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.
Project Cost (USD)
$ 240.00 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.
Bank Documents
Primary Source

Original disclosure @ IIC website

Updated in EWS Aug 22, 2018

Disclosed by Bank Jul 31, 2018

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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 the Inter-American Development Bank Invest, formerly the Inter-American Investment Corporation, this project consists of the design, construction, commissioning, operation, and maintenance of a 200MW solar PV plant in the State of Sonora, Mexico that will connect into the Mexican Comision Federal de Electricidad national grid system. It will also feature all associated transmission and interconnection facilities which includes a 3.3km transmission line.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

According to IDB Invest, the project’s main impacts and risks are related to: i) community relationship (e.g. jobs expectations); ii) contractor environmental and social management; iii) worker and community health and safety (including increased vehicular traffic during construction); and iv) biodiversity. The IDB Invest's Performance Standards that are triggered by this project are:  i) PS1: Assessment and Management of Environmental and Social Risks and Impacts; ii) PS2: Labor and Working Conditions; iii) PS3: Resource Efficiency and Pollution Prevention; iv) PS4: Community Health, Safety, and Security; and iv) PS6: Biodiversity Conservation and Sustainable Management of Living Natural Resources.

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

The financial plan for this project is hoped to be completed with co-loans from the China Co-Financing Fund for Latin America and the Caribbean, and other development and commercial banks. 

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.

The IDB Invest lists the private actor Kenergreen S.A.P.I. de C.V. as the company involved in this project, and X-Elio Energy, S.L. as the sponsor. IDB Invest does not clarify the roles of either company, nor is information available online about Kenergreen. 

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Kenergreen S.A.P.I. de C.V. Undisclosed -
- - - - X-ELIO Energy Undisclosed -

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.

Contact:

Client contact name: Carlos Egido Ramos
Title: Country Manager Mexico
Phone number: +52 55 4976 0988
Email address: carlos.egido@x-elio.com

Environmental and Social Impact Study Contact:

Jesús Enrique FLores Ruiz

Paseo de la Paz, No. 50, Col. Valle Grande C.P. 83205, Hermosillo, Sonora

Office phone: 662-210.9828

Cell phone: 662-256.4431

Email: eflores53@live.com

ACCOUNTABILITY MECHANISM OF IIC

The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IIC)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IIC is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).

How it works

How it works