CERRO DEL AGUILA S.A.
Status: Completed investmentWhy disclosure?
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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
Cerro del Aguila SA, is a project company established to develop, construct and operate the 525MW US$910 mln hydro-electric plant in Huancavelica, Central Peru. Construction started in 2011 and is foreseen to be completed in 2016.
What is our funding objective?
In cooperation with DEG, the German development bank, FMO will provide capacity development (CD) to support the provision of agricultural technical assistance (organic vegetable growing and guinea pig breeding) to improve the livelihoods of communities in rural Huancavelica, one of the poorest areas in Peru.
Why do we fund this investment?
The provision of CD support ultimately aims to improve the food security of the population by increasing food production for both subsistence and income-generating farmers. This will be done through training, capacity building and by supporting farm development.
- Website customer/investment
- http://www.inkiaenergy.com
- Region
- Latin America & The Caribbean
- Country
- Peru
- Sector
- Energy
- Effective date
- 1/6/2014
- End date
- 1/9/2017
- Total FMO financing
- EUR 0.04 MLN
- Funding
- FMO NV
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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