PROJECT

Projects

Summary of Investment Information

Project Number

32227

Company Name

PARQUES EOLICOS DEL CARIBE S.A.

Date SPI Disclosed

Aug 17, 2012

Country

Dominican Republic

Region

Latin America and the Caribbean

Projected Board Date

Sep 18, 2012

Environmental Category

B - Limited

Status

Active

Last Updated Date

Oct 17, 2018

Department

Gbl Infrastructure & Natural Resources

Industry

Infrastructure

Previous Events

Approved : Sep 27, 2017
Signed : Dec 20, 2017
Invested : Oct 15, 2018

Sector

Wind Power - Renewable Energy Generation

Additional Project Attributes

Public-Private Partnerships

Project Description

Parques Eólicos del Caribe S.A (“PECASA” or the “Company”) is currently developing a 50 MW greenfield wind power plant. The plant will consist of: i) installation of 25x 2 MW Gamesa G97 wind turbine generators, ii) construction of a 14 km 138 kV transmission line; and iii) construction of access roads, a substation, and foundations/ platforms for the WTGs (the “Project”).

The Project is located near the town of Villa Vasquez in the province of Montecristi, in the northwestern part of the Dominican Republic (“DR”). The Project is being developed pursuant to a 20 year concession awarded by the Comisión Nacional de la Energía (CNE) of the DR The Project is expected to produce approximately 156 Gwhs annually and will sell 100% of power produced to Corporacion Dominicana de Empresas Electricas Estatales (“CDEEE”) under a 20 year power purchase agreement (“PPA”).

The Project construction is expected to commence in November 2012 and be completed and commissioned by year end 2013.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation