Santa Priscila: Driving Sustainable Shrimp Farming in Ecuador via Electrification

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The proposed transaction with Industrial Pesquera Santa Priscila S.A. (“IPSP” or the “Company”), Ecuador’s leading shrimp exporter and one of the largest producers worldwide, consists of a senior A/B loan of up to US$150 million, with a term of up to 10 years and including a 2-year grace period. The funds will be used to finance the electrification of two of the Company’s shrimp farms, Chanduy and Bajen, which together cover 2,241.98 hectares, as part of a multi-year plan (2022–2027) to strengthen energy security through connection to the national grid and the replacement of diesel systems with electric infrastructure and equipment.The project will contribute to the reduction of greenhouse gas emissions by progressively replacing diesel generators with electricity sourced from both the national grid and self-generation systems using renewable energy. This energy transition will reduce dependence on fossil fuels, optimize operating costs, and enhance the Company’s resilience. Additionally, the initiative aligns with corporate commitments to sustainability and climate change, supporting the Sustainable Development Goals (SDGs) and national decarbonization targets. In doing so, it not only improves operational efficiency and energy supply stability but also generates a positive impact on corporate reputation and stakeholder confidence.