HIDRONORMANDIA S.A.
Status: Completed investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
The Project is a 48.15MW run-of-river hydroelectric power plant located 20km from the city of Macas, in the Southeast of Ecuador on the Upano river. The project will provide renewable, reliable, and competitively priced energy to the Ecuadorian electricity grid. Long term financing is scarce in Ecuador while the potential for hydroelectric plants is enormous.
What is our funding objective?
This CD Project aims to develop and implement the Environmental Flow Management Plan (EFMP) prior to the Project being operational.
Why do we fund this investment?
By developing and implementing an EFMP the environmental sustainability of the Project will improve. This is in line with FMO's strategic priority to promote responsible investment and support those clients that are willing to be a leader on Environmental and Social management.
More investments
| Date | Total FMO financing |
|---|---|
| 7/10/2020 | USD 15.00 MLN |
- Region
- Latin America & The Caribbean
- Country
- Ecuador
- Sector
- Energy
- Effective date
- 4/19/2017
- End date
- 5/13/2020
- Total FMO financing
- EUR 0.12 MLN
- Funding
- ForeignAffairs - CD
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - A