Support for the consolidation of the country's low-carbon energy transition
The general objective is to support the country in the decarbonization and sustainability of the energy sector to ensure its contribution to climate commitments through strategic investments and lay the groundwork for accessing green debt capital markets. The specific objectives are: (i) to support the use of new technologies and the modernization of hydroelectric generation infrastructure to make better use of renewable sources; and (ii) to support UTE in strengthening its capacity, in line with the requirements for accessing green finance to: (a) plan, identify and design investments that consider climate change mitigation and adaptation measures; and (b) monitor, verify and report on the environmental effects achieved through investments in climate change mitigation and adaptation.

Project Detail

Country

Uruguay

Project Number

UR-L1177

Approval Date

November 30, 2022

Project Status

Implementation

Project Type

Loan Operation

Sector

ENERGY

Subsector

LOW-CARBON ENERGY TECHNOLOGIES

Lending Instrument

Investment Loan

Lending Instrument Code

INV

Modality

LBR (Loan Based on Results)

Facility Type

-

Environmental and Social Impact Category (ESIC)

Category B: 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 40,000,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 40,000,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
5680/OC-UR Sovereign Guaranteed USD - United States Dollar Ordinary Capital Flexible Financing Facility
Operation Number 5680/OC-UR
  • Lending Type: Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Flexible Financing Facility