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Celtins Investment and Refinancing Program

Companhia de Energia Elétrica do Estado do Tocantins' ("Celtins" or the "Company" or the "Borrower") market consists of the entire State of Tocantins. Since its privatization in September 1989, the energy sold and the number of customers served by Celtins has been steadily increasing, and operational performance is also significantly improving.
Preliminary financial analysis of Celtins indicates that the latter is one of the lowest leveraged distribution companies in Brazil and with the bulk of its capital expenditures geared towards rural electrification. The transaction will be structured through a revenuebased account mechanism (i.e. off balance sheet) mirroring the previously Boardapproved (and financially closed) transactions of Centrais Elétricas Matogrossenses S.A. ("Cemat") and Centrais Elétricas do Pará S.A. ("Celpa").

Project Detail

Country

Brazil

Project Number

BR-L1070

Approval Date

December 6, 2006

Project Status

Closed

Project Type

Loan Operation

Sector

ENERGY

Subsector

NEW POWER DISTRIBUTION & TRANSMISSION PROJECTS

Lending Instrument

BID Invest

Lending Instrument Code

IIC

Modality

PSL (Private Sector Loan)

Facility Type

-

Environmental Classification

Likely to cause mostly local and short-term negative environmental and associated social impacts and for which effective mitigation measures are readily available

Total Cost

USD 80,000,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 60,000,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
1816A/OC-BR Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Private Sector Financing
1816B/OC-BR Non-Sovereign Guaranteed USD - United States Dollar Ordinary Capital Participant Financing
Operation Number 1816A/OC-BR
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Private Sector Financing
Operation Number 1816B/OC-BR
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Participant Financing

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Preparation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-1850047180-3237
Environmental and Social Management Reports
Celtins Investments and Refinancing Program [843551].PDF
Dec. 31, 1999
English
https://www.iadb.org/document.cfm?id=EZSHARE-1850047180-3146
Project Abstract
Celtins Investment and Refinancing Program [829573].PDF
Dec. 31, 1999
English
https://www.iadb.org/document.cfm?id=EZSHARE-1850047180-3147
Environmental and Social Strategies
Celtins Investment and Refinancing Program [829592].PDF
Dec. 31, 1999
English
https://www.iadb.org/document.cfm?id=EZSHARE-1850047180-3094
Environmental Impact Assessments
Celtins Investment and Refinancing Program [823749].PDF
Dec. 31, 1999
English

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