Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Brazil
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • Inter-American Investment Corporation (IIC)
Status: Pending
Bank Risk Rating: B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2017-06-30
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: Usina Santa Adelia S.A. ("Santa Adelia")
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Agriculture and Forestry
Investment Amount (USD): $ 60.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.

Share This Page

 

Contact Us

Do you have more information on
this project, or want to get involved?
Contact EWS

Primary Source

Original disclosure @ IIC website
Updated in EWS: 2017-08-12
Disclosure Date: 2017-05-23
Usina Santa Adelia S.A.
IIC-12043-01

Project Description
The proposed of IIC´s financing consists of a loan to Santa Adélia to finance: (i) the renovation of existing sugar cane plantations; (ii) CAPEX maintenance; and (iii) working capital, in accordance with applicable law. The total cost of the project is US$60 million.
Investment Description
Usina Santa Adelia S.A. is a Brazilian company dedicated to the production of sugar and ethanol (anhydrous and hydrated), with an installed capacity of electric power generation, from the burning of sugarcane bagasse, of 129 MW.The proposed of IIC's financing consists of a loan to Santa Adelia to finance: (i) the renovation of existing sugar cane plantations; (ii) CAPEX maintenance; and (iii) working capital, in accordance with applicable law. The total cost of the project is US$60 million.
Contact Information
For inquiries about this project, contact divulgacionpublica@iadb.org. ACCOUNTABILITY MECHANISM OF IIC 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).
Bank Documents