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Calidda Peru
Summary of Proposed Investment

This Summary of Proposed Investment is prepared and distributed to the public in advance of the IFC Board of Directors’ consideration of the proposed transaction. Its purpose is to enhance the transparency of IFC’s activities, and this document should not be construed as presuming the outcome of the Board decision. Board dates are estimates only.

Project number 28031
Company nameCalidda
Country
Peru (IDA)
Sector1Natural Gas Distribution
Environmental categoryB
Department
StatusActive
Date SPI disclosedNovember 2, 2009
Projected board dateDecember 7, 2009
Previous EventsInvested: May 20, 2010
Signed: March 30, 2010
Approved: March 12, 2010
View Environmental & Social Review Summary (ESRS), click here
click here
  Overview     Sponsor/Cost/Location     Development Impact     Contacts     Attachments  

Project description
Gas Natural de Lima y Callao S.A. (“Calidda”, or “the Company”) is the holder of a 33 year concession (extendable to a maximum of 60 years) granted by the Government of Peru (“GOP”) to build and operate the gas distribution network in Lima and Callao (“the concession area”). The Company started operations in 2004.

The Project consists of phase I of the expansion of Calidda’s distribution network, designed to increase the distribution capacity of natural gas in the concession area from 255 to 420 million standard cubic feet per day. Total Project cost is calculated at $ 236 million, and will include: (i) the expansion and upgrades to the main grid, (ii) the expansion to the low pressure secondary grid, and (iii) refinancing of existing senior debt.

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