Philippines: Wyntron Electric Vehicle Charger Production Expansion Project
The proposed loan of up to $20 million will support the expansion of Wyntron's Electric Vehicle charger production facilities, including purchase of a factory building (and its refurbishment), and machine and equipment.
Project Details
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Project Officer
Kim, Yeon Su
Private Sector Operations Department
Request for information -
Approval Date
1 December 2022 -
Country/Economy
Philippines -
Sector
- Energy
| Project Name | Wyntron Electric Vehicle Charger Production Expansion Project | |||||
| Project Number | 56236-001 | |||||
| Borrower / Company | Wyntron Inc. |
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| Country / Economy | Philippines |
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| Location | National Capital Region | |||||
| Type or Modality of Assistance |
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| Strategic Agendas | Environmentally sustainable growth Inclusive economic growth |
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| Drivers of Change | Governance and capacity development Private sector development |
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| Sector / Subsector | Energy / Electricity transmission and distribution |
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| Gender Equity and Mainstreaming | Effective gender mainstreaming | |||||
| Responsible ADB Department | Private Sector Operations Department | |||||
| Responsible ADB Division | Infrastructure Finance Division 2 | |||||
| Responsible ADB Officer | Kim, Yeon Su | |||||
| Project Sponsor(s) | ||||||
| Description | The proposed loan of up to $20 million will support the expansion of Wyntron's Electric Vehicle charger production facilities, including purchase of a factory building (and its refurbishment), and machine and equipment. | |||||
| Objectives and Scope | ||||||
| Linkage to Country/Regional Strategy |
| Safeguard Categories | |
|---|---|
| Environment | B |
| Involuntary Resettlement | C |
| Indigenous Peoples | C |
| Summary of Environmental and Social Aspects | |
|---|---|
| Environmental Aspects | |
| Involuntary Resettlement | |
| Indigenous Peoples | |
| Stakeholder Communication, Participation, and Consultation | |
| Timetable for assistance design, processing and implementation | |
|---|---|
| Concept Clearance | 26 Oct 2022 |
| Credit Committee Meeting | 26 Oct 2022 |
| Approval | 01 Dec 2022 |
| Last PDS Update | 02 Dec 2022 |
Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
The Access to Information Policy (AIP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.
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| Title | Document Type | Document Date |
|---|---|---|
| Wyntron Electric Vehicle Charger Production Expansion Project: FAST Report | Faster Approach to Small Nonsovereign Transactions | Dec 2022 |
| Wyntron Electric Vehicle Charger Production Expansion Project: Gender Action Plan | Gender Action Plans | Dec 2022 |
| Wyntron Electric Vehicle Charger Production Expansion Project: Initial Poverty and Social Analysis | Initial Poverty and Social Analysis | Oct 2022 |
Safeguard Documents See also: Safeguards
Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.
| Title | Document Type | Document Date |
|---|---|---|
| Wyntron Electric Vehicle Charger Production Expansion Project: Draft Initial Environmental and Social Examination Report | Initial Environmental Examination | Nov 2022 |
| Wyntron Electric Vehicle Charger Production Expansion Project: Corporate Environmental and Social Monitoring Audit Report and Corrective Action Plan | Environment and Social Compliance Audit Reports | Nov 2022 |
Evaluation Documents See also: Independent Evaluation
None currently available.
Related Publications
None currently available.
The Access to Information Policy (AIP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.
Requests for information may also be directed to the InfoUnit.