Hidrosierra

Debt : July 2019

The project consists of the design, construction, operation and maintenance of a 10MW run-of-river hydropower plant in Central Ecuador.

Amount

€ 5,240,160.00

Type of investment

Debt

Development impacts

  • Access to basic services & goods
  • Fight against climate change and preservation of natural resources

Beneficiary locations

Latin America and Caribbean: Ecuador

Investment field

Infrastructure

Activity

Energy-Hydro

More investments in

Hidrosierra

  • Subsidy € 19,650.60 (2019-2020)

Hidrosierra is a standard run-of-the-river hydroelectric project similar to other projects operating in Ecuador. The main components of the project are a low-level (8meter high and 22 meter wide) diversion weir (over which excess water can flow freely), an intake structure with desander, a 2.7 km. low pressure steel pipe conveyance, a 300m high pressure penstock, a surface power station with 2 turbines, a (0.75 km) transmission line, and a power substation increasing voltage to 69Kv. Particular aspect is a 2.7 km tunnel structure for the low pressure pipe, a technical challenge which caused extensive delays but which has been completed successfully. Construction involved also 2 bridges which benefit to the local community.

Although hydropower electricity is proven technology, non-recourse long-term financing availability is (still) insufficient in Ecuador. With its long-term financing of hard currency, BIO contributes to the project’s viability. The additionality of BIO’s financing is evident, given the limited availability of long-term USD financing in Ecuador. Local banks and other private financing institutions are not in a position to provide the necessary amounts of hard currency financing on the required terms and conditions.

Development impacts

  • Access to basic services & goods

    The project promotes the supply of stable and clean electricity (65GWh to be produced).

    The equivalent theoretical number of people to be provided with electricity is 47,000.

  • Fight against climate change and preservation of natural resources

    Reduction of the greenhouse effect through substitution of oil: estimated GHG avoidance of approximately 31,655 tonnes of CO2/year (calculation with the AFD Tool).

View more of our investments in this region

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Local Currency Microfinance Fund II

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ProCredit Holding AG & Co. KGaA

Financial Institutions

ProCredit Holding AG & Co. KGaA

  3,000,000.00

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The Currency Exchange Fund n.v.

Financial Institutions

The Currency Exchange Fund n.v.

  7,091,000.00

  Bangladesh, Cambodia, India, Indonesia, Myanmar, Nepal, Pakistan, Philippines, Sri Lanka, Vietnam, Bolivia, Brazil, Colombia, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Paraguay, Peru, Algeria, Egypt, Iraq, Jordan, Lebanon, Morocco, Syria, Tunisia, Palestinian Territories, Benin, Burkina Faso, Burundi, Cameroon, Côte d'Ivoire, Democratic Republic of Congo, Ethiopia, Ghana, Guinea, Kenya, Madagascar, Malawi, Mali, Mozambique, Niger, Nigeria, Rwanda, Senegal, South Africa, Tanzania, Uganda, Zambia

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Hidronormandia

Infrastructure

Hidronormandia

  8,460,000.00

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AgRIF Coöperatief U.A.

Investment Companies & Funds

AgRIF Coöperatief U.A.

  105,000.00

  Cambodia, India, Mongolia, Myanmar, Bolivia, Colombia, Ecuador, Guatemala, Honduras, Nicaragua, Peru, Burkina Faso, Côte d'Ivoire, Kenya, Senegal

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  Subsidy

AgRIF Coöperatief U.A.

Investment Companies & Funds

AgRIF Coöperatief U.A.

  5,438,332.50

  Cambodia, India, Mongolia, Myanmar, Bolivia, Colombia, Ecuador, Guatemala, Honduras, Nicaragua, Peru, Burkina Faso, Côte d'Ivoire, Kenya, Senegal

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Productora Cartonera Procarsa & Surpapelcorp

Enterprises

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Local Currency Microfinance Fund II

Investment Companies & Funds

Local Currency Microfinance Fund II

  113,688.00

  Bolivia, Colombia, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Paraguay, Peru

  25/06/2014

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Local Currency Microfinance Fund II

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  143,535.00

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  Subsidy

Darby Latin American Private Debt Fund III

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Darby Latin American Private Debt Fund III

  8,570,582.00

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  Equity

Fairtrade Access Fund

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Fairtrade Access Fund

  350,000.00

  Bolivia, Brazil, Colombia, Ecuador, Guatemala, Honduras, Nicaragua, Paraguay, Peru, Burkina Faso, Côte d'Ivoire, Ghana, Kenya, Tanzania, Uganda

  07/04/2020

  Subsidy

Banco Solidario

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  12,290.60

  Ecuador

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  Subsidy

Banco Pichincha

Financial Institutions

Banco Pichincha

  13,254,016.72

  Ecuador

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EcoEnterprises Partners III

Investment Companies & Funds

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  6,208,300.00

  Bolivia, Brazil, Colombia, Ecuador, Guatemala, Nicaragua, Paraguay, Peru

  22/05/2019

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Fairtrade Access Fund

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Fairtrade Access Fund

  3,000,000.00

  Bolivia, Brazil, Colombia, Ecuador, Guatemala, Honduras, Nicaragua, Paraguay, Peru, Burkina Faso, Côte d'Ivoire, Ghana, Kenya, Tanzania, Uganda

  24/10/2019

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Hidrosierra

Infrastructure

Hidrosierra

  19,650.60

  Ecuador

  24/06/2019

  Subsidy

Banco D-Miro

Financial Institutions

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  4,372,500.00

  Ecuador

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  Debt

Banco Visionfund Ecuador

Financial Institutions

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Financial Institutions

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  Ecuador

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Financial Institutions

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  Subsidy

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Financial Institutions

Banco Solidario

  5,987,000.00

  Ecuador

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Banco Guayaquil

Financial Institutions

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  Ecuador

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  Debt