Complaint > Empresa Electrica Pangue S.A.-02/Upper Bio-Bio Watershed

Closing Report: English

...Unknown to many, it was the Pangue project that catalyzed the strengthening of IFC's institutional capacity to address environmental and social issues, most notably the emergence of IFC's Environment and Social Development Department; the adoption of the Safeguard Policies; the formulation of robust environmental and social project review procedures; and the establishment of the CAO's Office. All these aspects have become a mainstay of IFC business. This case study has been written for an intern...

Complaint > Empresa Electrica Pangue S.A.-02/Upper Bio-Bio Watershed

Eligibility: English

...unknown impacts. Regarding the Pehuenche communities, the IFC investment team announced the creation of a Pehuenche controlled Foundation that would compensate for the social, ecological and cultural impacts of the Pangue dam. Six months before the presentation to the Board ENDESA was well advanced with the Ralco project, something Bank management, according to written documentation and statements, was definitely aware of. In June of 1992 ENDESA already had in its hands the p...