Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Argentina
Location: Rio Cuarto Department, in Cordoba Province, Argentina
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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)
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: 2017-06-13
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: Central Puerto Achiras S.A.U.
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Energy
Investment Type(s): Loan
The categories of the bank investment: loan, grant, etc.
Loan Amount (USD): $ 27.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD): $ 81.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.

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Primary Source

Original disclosure @ IIC website
Updated in EWS: 2017-10-25
Disclosure Date: 2017-05-04
Achiras Wind Power Project
IIC-12063-02

Project Description
The Achiras Wind Power Project consists of the construction, operation, and maintenance of a 47,25MW wind farm and related facilities, including a 132KV 16 km-long transmission line that will be located in the Rio Cuarto Department, in the southwest area of the Cordoba Province in Argentina. The Project will have positive impacts on development, such as: (i) adding 47,25MW of renewable capacity to the Argentine grid in order to diversify the energy matrix that relies mostly on hydro and thermal power generation, and representing 20% of the total installed capacity goal of non-conventional renewable energy (NCRE) by 2025, and (ii) displacing around 100,000 equivalent tons of carbon emissions per year.
Investment Description
The Project total cost is estimated in US$81 million, to be financed with an IDB Group "A" Loan of approximately US$27 million. This financing will be supplemented by an IFC "A" Loan, and the participation of a local bank for local content equipment financing, and capital contributions.
Contact Information
For inquiries and comments to IIC, contact: IIC’s Communications Group E-mail: divulgacionpublica@iadb.org For project inquiries, including environmental and social questions related to an IIC investment, please contact the client or the IIC using the contact information provided above. In addition, project affected communities have access to the IIC Independent Consultation and Investigation Mechanism. Tel:+1 (202) 623-3952 Fax: +1 (202) 312-4057 Address: 1300 New York Ave. NW Washington, DC. USA. 20577 E-mail: mecanismo@iadb.org or MICI@iadb.org
Bank Documents