Assisting InterEnergy with ESMS Development

Prizma was recently engaged by InterEnergy Holdings to support its development of a corporate-level Environmental and Social Management System (ESMS) aligned with the IFC Performance Standards. Shortlink: http://wp.me/p27qSt-DV

InterEnergy owns and operates power generation and distribution assets in Latin America and the Caribbean, and expects to make several investments throughout Latin America and the Caribbean. In 2013, the World Bank's International Finance Corporation (IFC) acquired a minority equity interest in InterEnergy through a $100 million direct cash investment.

The investment in Gas Stream of Chile, an LNG distribution business, was InterEnergy's first foray outside the Dominican Republic. In April 2014, InterEnergy invested, through its subsidiary IEH Penonome Holdings, in a new 215 MW wind project in Panama with a total projected investment of US$ 427 million with Unión Eolica Panameña S.A. (UEP). This investment marks the second of InterEnergy's geographic expansion in Latin America and the Caribbean and also marks InterEnergy's return to Panama after a five-year hiatus.

INterEengery 2

As noted previously, Prizma has also been engaged by Unión Eolica Panameña II (UEPII), a Special Purpose Company controlled by InterEnergy Holdings, to support the 215 MW wind project in Penonomé, Panama.

InterEengery Wind Power Pioneers

Prizma is a niche Environmental and Social Impact Assessment (ESIA) and Sustainability advisory practice. Prizma supports its clients to make their projects more bankable, credible and sustainable. Prizma’s area of expertise includes the IFC Performance Standards and Equator Principles. These are guidelines used by financial institutions and others to benchmark and manage the environmental and social risks associated with their investments.

6 Comments to Assisting InterEnergy with ESMS Development

  1. […] Penonome’s Phase II and III was acquired by InterEnergy Holdings (IEH), a private company with significant presence in the energy sector in the region and majority shareholder of UEPII. As blogged previously, Prizma has also been assisting IEH with the development of its Environmental and Social Management System (ESMS). […]

  2. […] In August 2013, Goldwind USA announced that it closed financing for Phase I (55MW) of the Penonomé Wind Farm. Banco Internacional de Costa Rica, S.A. (BiCSA) and Banco Espirito Santo de Investimento, S.A. (BESI) were the Mandated Lead Arrangers for this US$71 million project finance deal. In December 2014, the International Finance Corporation (IFC) announced that it completed a $300 million financing package for the construction of Phase II and Phase III of the Penonomé Project, controlled by InterEnergy Holdings. […]

  3. […] Assisting InterEnergy with ESMS Development […]

  4. […] Assisting InterEnergy Holdings with the Development of its Environmental and Social Management Syste… […]

  5. […] During the second training day, the participants were introduced to InterEnergy’s Environmental and Social Management System (ESMS). Previously, Prizma assisted InterEnergy with the development of its ESMS. […]

  6. […] Assisting InterEnergy with ESMS Development […]

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