Rural Electrification Program II (IADB-BO-L1117)

Countries
  • Bolivia
Where the impacts of the investment may be experienced.
Financial Institutions
  • Inter-American Development Bank (IADB)
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
Sep 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
Plurinational State of Bolivia
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)
$ 100.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 100.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IADB website

Updated in EWS Jun 22, 2017

Disclosed by Bank Jan 4, 2016


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Project Description
The general objective is to increase access to electricity in rural areas of the Plurinational State of Bolivia, making public and social services available to the population and helping to reduce poverty levels. The specific objectives are to increase: (i) electricity coverage in rural areas; (ii) the consumption of electricity for production-related uses in rural areas, with a gender focus; and (iii) electricity transmission capacity, in order to meet demand in the area where coverage will be expanded under the program and reduce CO2 emissions associated with the use of fossil fuels in isolated systems. The program was classified as a category “B” operation, since it will have some localized negative environmental and social impacts, mainly related to acquisition of easements for the transmission line, for which mitigation measures have been planned. During the construction phase, expected impacts are related to waste management, noise pollution, and liquid, solid, and gas discharges, which the IADB believes could be managed by implementing measures established in Bolivia’s technical environmental standards, international procedures commonly followed in these cases, and the IADB's environmental and social policies.
Investment Description
  • Inter-American Development Bank (IADB)
The total cost of the program is US$100 million, of which US$85 million will be financed by the IADB with resources from the Ordinary Capital, and US$15 million will be financed with resources from the IADB's Fund for Special Operations (FSO). The cost categories include the procurement of goods, works, land, consulting, and other services. No local counterpart contribution is planned.
Contact Information
ACCOUNTABILITY MECHANISM OF IADB 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).