The proposed loan of 52% for CAPEX and the remainder for debt refinancing is used as follows: (i) US $ 17MM for the installation of a sugar factory with an estimated cost of US $ 17MM; (Ii) US $ 23MM for the refinancing of part of the Company's CP debt to LP; And (iii) US $ 8MM to make the necessary adjustments to integrate the sugar and ethanol plant with the future cogeneration power plant. As a reference, VDP shareholders plan to invest in the development, construction and operation of a cogeneration power plant through the bagasse with the installed capacity of 40MW to be developed through an SPV.
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).