PROJECT

Projects

Summary of Investment Information

Project Number

45680

Company Name

INDUSTRIAL PESQUERA SANTA PRISCILA S.A.

Date SPI Disclosed

Apr 18, 2022

Country

Ecuador

Region

Latin America and the Caribbean

Projected Board Date

May 20, 2022

Environmental Category

B - Limited

Status

Active

Last Updated Date

Sep 23, 2022

Department

Regional Industry MAS LAC & EUR

Industry

Agribusiness and Forestry

Previous Events

Approved : May 26, 2022
Signed : Jun 27, 2022
Invested : Sep 21, 2022

Sector

Animal Aquaculture

Project Description

The proposed investment entails an up to US$45 million A loan to Industrial Pesquera Santa Priscila S.A. (“Santa Priscila” or the “Company”), a shrimp exporter in Ecuador. The proceeds will be used to (i) finance the acquisition of the California farm which entails 1,300 hectares of shrimp farms in the area of Naranjal close to Guayaquil; and (ii) connect this farm to the electrical grid, eliminating the use of diesel power generators in the pumping and automated aeration and feeding systems (the “Project”). The Company expects to decrease Greenhouse Gas (GHG) emissions while improving productivity levels in its shrimp ponds due to enhanced stability and quality of the oxygenation. 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation