Early Warning System

Countries

Argentina

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

Specific Location

Municipality of Tornquist, Province of Buenos Aires

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

Approved

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

The AES Corporation

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.

Project Cost (USD)

$ 119.00 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 @ DFC website

Updated in EWS Jun 24, 2022

Disclosed by Bank Aug 15, 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.

The proposed Project involves the construction and operation of a 100 MW wind power project located in Tornquist, Argentina, approximately 30 km north of Bahia Blanca. The Project comprises 30 wind turbine generators (WTGs), as well as an electrical substation and connection to a high voltage transmission line that passes through the Project site. The Project site is 950 hectares and is predominately agrarian and cattle lands. The nearest towns to the Project site are Tres Picos (6 km) and Tornquist (26 km). The Project site is located within the Interior Plane Pampa eco-region. There are three Important Bird Areas surrounding the Project site each located approximately 20 to 30 km away. Desktop studies indicate potential presence of high priority species such as Chloephaga rubidiceps (Ruddy headed goose), Buteogallus coronatus (Crowned solitary eagle), Gubernatrix cristata (Yellow cardinal), Leistes defilippii (Pampas meadowlark). The Project continues to collect site-specific primary data on birds and bats through on-site baseline surveys. The Project site is owned by three private landowners, each of whom has a house within the Project site. Although no resettlement or economic displacement is anticipated, potential impacts to these houses and other land uses that will change due to the Project’s activities during construction and operation will need to be assessed and mitigated.

Investment Description

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

US International Development Finance Corporation (DFC)

The "Investment Type" was available at the moment of the snapshot.

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 information not available at the time of the snapshot**

ACCESS TO INFORMATION

Unlike many other development finance institutions, DFC does not currently have an access to information policy.

Under the United States Freedom of Information Act (FOIA), DFC is obliged to respond to reasonably formulated requests for Agency records. However, DFC may apply exemptions from release to certain types of information and may charge fees in responding to requests. DFC has a designated FOIA officer who is trained in how to respond to requests and implement the law. You can learn more about filing a FOIA request at: https://www.dfc.gov/foia.

ACCOUNTABILITY MECHANISM OF THE UNITED STATES INTERNATIONAL DEVELOPMENT FINANCE CORPORATION (DFC)

The Office of Accountability is an independent office that addresses complaints about environmental or social issues related to DFC-supported projects. The office provides communities an opportunity to have concerns independently reviewed and addressed. If you submit a complaint to the Office of Accountability, it may assist you by either seeking to address your problems by facilitating a problem solving dialogue between you and those implementing the project and/or investigating whether the DFC complied with its policies to prevent environmental, social, human rights, and labor harms.

You can find more information about the Office of Accountability at: https://www.dfc.gov/who-we-are/office-accountability.