Project detail - HIDRONORMANDIA S.A.

HIDRONORMANDIA S.A.

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Who is our client

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.

Funding objective

This CD Project aims to develop and implement the Environmental Flow Management Plan (EFMP) prior to the Project being operational.

Why we fund this project

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.

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Date Total FMO financing
1/13/2017 USD 15.00 MLN
Region
Latin America & The Caribbean
Country
Ecuador
Sector
Energy
Signing date
4/19/2017
Total FMO financing
EUR 0.12 MLN
Fund
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