Optima Energía is a privately held Mexican company founded in 1988 as Celsol, S.A. de C.V., 49.7% owned by the Gomez Junco family, with Mr. Enrique Gomez Junco Blancq-Cazaux, the founder and CEO owning 20.68% of the shares. Additionally, a group of private investors owns 11.4% of the Company. Grupo Financiero Inbursa, indirectly owns 38.9% of Optima Energía’s shares through its subsidiary Sinca Inbursa.

The total project cost is estimated at approx. $11 million. IFC’s proposed IFC investment includes (a) an A loan of up to $10 million for IFC’s own account; and (b) a quasi-equity instrument of approx. $1 million.

11.0 million (USD)

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan	10.0
Equity	1.0

* These investment figures are indicative

The location of each of the 6 subprojects is still undefined but will most likely be in beach resorts in Mexico.

The Project is expected to have a significant and positive impact on developing the energy saving market in Mexico by increasing the access to finance of commercial companies for cost saving investments in energy efficiency that improve their competitiveness. Through the implementation of energy efficiency systems, the Project will have strong impact in lowering Greenhouse Gas (GHG) emissions and energy consumption by these companies. The Project will improve the competitiveness of these hotel companies through better management of scarce resources as such investments will result in significant energy cost savings. The Project will enhance transfer of know-how and technology to Optima Energía’s hotel sector clients, who ultimately will own the energy saving equipment installed. It will also facilitate access to best practice energy management systems and implementation of innovative processes and products related to energy efficiency technologies. The Project will have a strong demonstration effect, both for a model with potential for replication and scale-up and through subproject outcomes (energy savings realized and paybacks).

IFC will play a counter-cycle role by providing necessary long-term financing to optima which is not readily available due to liquidity constraints related to the current crisis. IFC will also share its global knowledge and experience in energy efficiency with specific relevance in this case to the hotel sector. Additionally, IFC will play a catalytic role in further developing the Mexican energy efficiency financing market and the ESCO performance based contracting business model. IFC’s involvement is expected to encourage other investors and local banks in financing similar projects in the near future.

The proposed project is a category B project according to IFC’s environmental and social review procedure. A summary of IFC’s environmental and social review findings for the project, including the rationale for the B categorization, is available in the environmental and Social Review Summary (ESRS).