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Manantiales Wind Project.

Environmental and Social Category: B

Approval Date: 11/22/2016

Total Project Cost: $ 200,000,000

Financing Currency: United States Dollar

IIC Financing Amount: $ 16,000,000

IDB Financing Amount: $ 84,000,000

Syndicated / Co-financing Amount: $ 100,000,000

Project Scope : Construction of the 100MW Manantiales Behr wind farm in Argentina. The $200m wind farm is being developed by YPF Energa Elctrica and will consist of 30 turbines. It will be built in two 50MW phases in the southern Argentine province of Chubut.

Two ships have brought the first 55-metre rotor blades and tower sections, which will have a total height of 84 metres.

Scope Objective:

The objective of the Project is the financing of the construction, operation and maintenance of a 50MW wind park and its associated facilities including a 19km 132 kV transmission line, and an a second phase that will add additional 50MW of installed capacity. The total project cost is approximately US$ 200 million and will be financed on a corporate basis. The financial plan for the project will include an A loan of up to US$ 100 million with a 9 year tenor, and a B loan of up to US$ 100 million with a tenor of up to 7 years. The loan will also include a grace period of up to 3 years. The project will contribute to the development of renewable energy in Argentina by contributing to the diversification of its energy matrix. The first phase of the project will add 50 MW of renewable capacity to the national grid thus decreasing fossil fuel generation reliance; and by displacing approximately 127,970 equivalent tons of carbon emissions per year.

IIC Project Team:

Investment Officers:

Rakowszczyk, Carlos Ruben

Matas Trillo, Rafael

Project Attorney: Botto, Angel

Environmental Engineer: Hennerkes, Maya Stefanie

Additionality Officer: Palacios Altamirano, Enrique

Project completion date : 2018-12-31 12:00:00

Major organization : YPF ENERGA ELCTRICA S.A.

Address : Calle Macacha Gemes 515, Buenos AIres, Capital Federal

Country :Argentina

Email : inversoresypf@ypf.com

Url : http://www.ypf.com/

Financier : INTER-AMERICAN INVESTMENT CORPORATION (IIC),

Financier address : Inter-American Investment Corporation

1350 New York Avenue, NW

Washington DC, 20577, USA

Email:iicmail@iadb.org

http://www.iic.org/

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Publication:Mena Report
Geographic Code:3ARGE
Date:Apr 28, 2017
Words:375
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