PCR is a private Argentine company founded in 1921 and owned by two Argentinian families, Brandi (55%) and Cavallo (45%) families. The company operates in 3 different sectors: (i) renewable energy generation, being one of the largest renewable energy platform in Argentina, operating six wind farms with a total capacity of 527,4 MW, (ii) exploration and production of Oil & Gas in Argentina and Ecuador, and (iii) production and distribution of cement and construction materials in the South of Argentina.

The proposed investment consists of a 7-year senior loan of up to US$ 150 million, comprising US$ 30 million from IFC’s own account and US$ 120 million mobilized from B lenders.

The Project will be developed in Buenos Aires Province, Argentina.

 This is a category A project. Key environmental and social (E&S) risks and issues include: (i) Effective implementation of the corporate ESHS standards, (ii) company and project-level organizational capacity to assess and manage ESHS risks; (iii) labor, working conditions and grievance mechanism, (iv) contractor and supply chain EHS management, (v) OHS management; LFS and emergency preparedness and response, (vi) pollution prevention and waste management, (vii) community health and safety and security,(viii) land acquisition and involuntary resettlement, (ix) sensitive and high-value biodiversity and ecosystem services,  and (x), company's stakeholder engagement activities related to management of E&S aspects and its grievance mechanism