Orzunil S.A.

completed

Summary Of Project Information (SPI)Project NameGuatemala-Orzunil S.A.     RegionCentral AmericaSectorProject No005024Projected Board DateApril 15, 1996Company NameOrzunil S.A.Technical Partner and/or Major Shareholders Ormat Industries Ltd. (Israel)(Technical partner with 10% of equity), Scudder Latin American Infrastructure Fund (50 % of the equity), IFC (20 % of the equity), Commonwealth Development Corp. (20 % of the equity). Project Cost Including proposed IFC investment US$67.6 million total project cost, with an IFC investment of US$17 million for IFC’s own account, and US$15 million for the account of participants.Location of project and Description of site The Project is a 24 MW Geothermal Power Project in Quetzaltenango Province, approximately 200 km west of Guatemala City, Guatemala. The site is located at a geothermal field in a mountainous/volcanic part of Guatemala that has been partially developed for agriculture.Description of Company and Purpose of Project The Company will build, operate and own a 24 MW geothermal power project. The Company’s shareholders will include Ormat, IFC, the Commonwealth Development Corp. (U.K.) and the Scudder Fund for Latin American Power (U.S.). The purpose of the Project is to generate electricity in a manner which uses Guatemala’s indigenous resources while minimizing any environmental impact. Environmental Category and Issues This is a category B project according to IFC’s Environmental Review Procedure. Key issues relate to land use modifications, air emissions and discharge of liquid effluent. The Environmental Impact Analysis indicates that the Project will not impact natural habitat. The Project is a closed circuit with re-injection of geothermal fluids into formation. Therefore no effluents will be discharged. Facilities will be equipped with hydrogen sulfide detection devices, although initial data on the geothermal fluids indicated a low potential for production of that gas. The Project will be designed and operated in accordance with World Bank environmental, health and safety policies and guidelines.The is March 6, 1996 from the Public Information Center.Host country location of environmental documentsComision Nacional del Medio Ambiente, Avenida Petapa 25-59, zona 12 Guatemala City, GuatemalaDate SPI sent to PIC March 4, 1996For Additional Information contact: Corporate Relations Unit -telephone: (202) 473-7711facsimile: (202) 676-0365Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).