PROJECT

Projects

Summary of Investment Information

Project Number

49214

Company Name

SOCUR S.A.

Date SPI Disclosed

Mar 13, 2025

Country

Uruguay

Region

Latin America and the Caribbean

Projected Board Date

May 15, 2025

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Dec 18, 2025

Department

Regional Industry INF LAC & EUR

Industry

Infrastructure

Previous Events

Approved : May 7, 2025
Signed : Oct 14, 2025
Invested : Dec 16, 2025

Sector

Renewable through Financial Intermediaries - Renewable Energy Generation

Project Description

The proposed investment consists of a senior A loan of up to US$ 20 million to Socur S.A. (“Creditel” or the “Company”) to finance the development of a green hydrogen (GH) plant in Uruguay (the “Project”). Creditel will own the project assets, which in turn will be operated by and leased to Kahirós, a special purpose vehicle (the “Sub-project”). The A Loan will have 7-year tenor, which IFC will help structure as a green loan.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation