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Project Detail

RG-L1019 : Regional Sugar and Bio-Energy Program

Project Description

The Program aims to: i) increase the availability of trade finance lines to the sugar and ethanol producers in the region which would help address the issue of the current liquidity shortage and the immediate demand for trade financing in the region; ii) provide medium term financing to increase the efficiency and productivity of sugarcane producers, sugar mills, ethanol distilleries and other producers of bio-fuels, which is currently not readily available from commercial banks; and iii) promote energy efficiency in the region by providing medium term financing to sugar mills for capital expenditures on features such as co-generation and drip irrigation.This Regional Program has been designed by the IDB to diversify its support for the target regions in need of financing such as i) the Northeast region of Brazil in which the population is heavily dependent on the sugar industry, ii) C&D countries such as Central American countries that are in need of trade finance and upgrades for sugar mills, and iii) Mexico in which the sugar mills can increase their operational production efficiency and competitiveness significantly.The Sustainable Energy and Climate Initiative ("SECCI") will provide support for feasibility studies for the co-generation investments in the Northeast region of Brazil, and will provide support for regional expansion into C&D countries through providing technical assistance (TA) for necessary feasibility studies for the bio-energy industry. The Environmental and Social Management System to be used by LACFIN Program will incorporate the Bio-fuels Sustainability Scorecard.

Procurement Information

News Release: Jan 16, 2009 - IDB backs $150 million Regional Financing Facility for Sugar and Bioenergy

Project at a glance

Project Number
RG-L1019
Country
Regional
Sector
ENERGY
Project Status
Approved
IDB Financing*
75.00
Environmental and Social Impact Category
Uncategorized
 

Latest Project Documents

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* For active and closed projects, the IDB financing at Board approval is shown in US$ millions. This does not reflect any cancellations. For projects in Preparation the amount shown is the Estimated IDB Financing. Approved projects shows either Estimated IDB Financing or Historic Approved amount. The IDB financing for projects in the pipeline is indicative and may be modified during the project preparation.

RG-L1019 : Regional Sugar and Bio-Energy Program

Basic Information

Project Number: RG-L1019
 

Operation Number

 

Project Status

 

Approval Date

 

Contract Signature Date

  2115B/OC-RG   Cancelled   JAN 14, 2009   Not available
  2115A/OC-RG   Cancelled   JAN 14, 2009   Not available
Country Regional
Sector ENERGY
Subsector ENERGY
Project Type Loan Operation
Project Subtype Private Sector Investment
Environmental and Social Impact Category Uncategorized

RG-L1019 : Regional Sugar and Bio-Energy Program

Financial Information Summary

Total Cost - Historic USD 150,000,000
Country Counterpart Financing - Historic USD 25,000,000

IDB Financing

   Reporting currency(ies) USD - United States Dollar
   Estimated Cofinancing(s) USD 75,000,000

RG-L1019 : Regional Sugar and Bio-Energy Program

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RG-L1019 : Regional Sugar and Bio-Energy Program


Georeferenced data for this project does not exist.

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