BID CLIMA: Decarbonization of the National Electric Power Company (ENEE) and Support for Financial Sustainability (IADB-HO-L1245)

Regions
  • Latin America and Caribbean
Geographic location where the impacts of the investment may be experienced.
Countries
  • Honduras
Geographic location where the impacts of the investment may be experienced.
Specific Location
Tegucigalpa
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
  • 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
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
Nov 20, 2024
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
Gobierno de Honduras
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)
$ 55.10 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)
$ 55.10 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)
$ 57.78 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 @ IADB website

Updated in EWS Jan 5, 2025

Disclosed by Bank May 1, 2025

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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.

El objetivo general de la Primera Operación de Préstamo Individual (POIP) es apoyar la descarbonización y resiliencia climática de la matriz de generación eléctrica, mejorar la sostenibilidad financiera del sector eléctrico y fortalecer las capacidades que permitan la consideración de las emisiones de deuda en los mercados. de capitales verdes para cumplir con los compromisos climáticos. Los objetivos específicos son: (i) incrementar la capacidad de generación de energía Solar Fotovoltaica (SFV) bajo un enfoque de mitigación del Cambio Climático (CC); (ii) mejorar la eficiencia financiera y operativa y la calidad del servicio eléctrico; (iii) fortalecer las capacidades de las entidades para diseñar y operar proyectos con criterios de Mitigación y Adaptación al Cambio Climático (MyA); y (iv) mejorar las capacidades del sector para monitorear y reportar las acciones e inversiones vinculadas a las M&A al CC en línea con las mejores prácticas del mercado de deuda.

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

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.

MECANISMO DE RENDICIÓN DE CUENTAS DEL BID

El Mecanismo Independiente de Consulta e Investigación (MICI) es el mecanismo independiente de presentación de quejas y el órgano de determinación de hechos para las personas que han sido o pueden ser afectadas negativamente por un proyecto financiado por el Banco Interamericano de Desarrollo (BID) o la Corporación Interamericana de Inversiones (CII). Si presenta una queja ante el MICI, es posible que le ayuden a abordar los problemas que planteó a través de un proceso de resolución de disputas con quienes implementan el proyecto y/o mediante una investigación para evaluar si el BID o la CII están siguiendo sus propias políticas para prevenir o mitigar daños a las personas o al medio ambiente. Puede presentar una queja enviando un correo electrónico a MICI@iadb.org. Puede obtener más información sobre el MICI y cómo presentar una queja en http://www.iadb.org/en/mici/mici,1752.html (en inglés) o http://www.iadb.org/es/mici /mici,1752.html (español).

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How it works