Sustainable Energy Project Preparation Facility (IADB-RG-T2911)

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
Active
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
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
Dec 14, 2016
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.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 1.50 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)
$ 3.80 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.
Primary Source

Original disclosure @ IADB website

Updated in EWS Nov 8, 2017

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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 Sustainable Energy Project Preparation Facility (the "Facility") will support the preparation of sustainable energy Non-Sovereign Guaranteed ("NSG") operations to be financed by the Inter-American Investment Corporation (the "IIC") and the Inter-American Development Bank (the "IDB" and together with the IIC, the "IDB Group") through the IIC. The Facility seeks to accelerate the development and lower the transaction cost of NSG sustainable energy investment projects by partially financing the due diligence ("DD") and structuring costs on a conditional recovery basis. The resources of the Facility will be deployed directly to partially finance the DD and structuring expenses of investment projects that: i) have been declared eligible by the Inter-American Investment Corporation, ii) have not reached financial closing and ii) are located in the following sectors (the "Eligible Sectors"): a. Generation of electricity from renewable sources such as wind, solar, hydro, biomass and geothermal sources. b. Energy infrastructure such as transmission and distribution networks that seek to incorporate or increase the participation of renewable energy in the energy matrix of a specific region or country and/or to directly displace carbon intensive sources of energy. c. Energy efficiency programs, including those implemented by companies that seek to increase the efficiency in the use of energy. The proposed Facility is align with the strategy of the new IIC according to which the institution has to develop its current product and services, enhance products for infrastructure and energy sectors, and provide more than financial support to its clients. The proposed Facility is design to be financially sustainable. To do so, the support provided by the Facility to sponsors for the preparation of sustainable energy operations will be reimbursable to the Facility on a contingent basis.
Investment Description
Here you can find a list of individual development financial institutions that finance the project.
TOTAL COST: USD 3,800,000 COUNTRY COUNTERPART FINANCING: USD 2,300,000 IDB FINANCING: USD 1,500,000

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.
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).

How it works

How it works