This month, the Myanmar government and IFC, with support from the Australian government, held a planning meeting to launch a country-wide strategic environmental assessment (SEA) that will take place in three phases over the course of the next year.
IFC, with support from the Australian government, and the Norwegian Water Resources and Energy Directorate (NVE), conducted a training workshop on stakeholder engagement for officials from the Ministry of Natural Resources and Environmental Conservat
Sustainability must be a common goal for public and private sectors alike. IFC’s global experiences have shown that investing in sustainable operations helps companies run smoother, improves revenue, and attracts the right investors.
Sign up for IFC newsletter on our activities in the hydropower sector.
IFC Promotes Sustainability in the Hydropower Sector
In Asia, 700 million people live without electricity. To meet Asia’s growing energy demands, hydropower projects in the Mekong region are developing fast.
In Myanmar alone, hydropower potentials top 100,000 megawatts – the region’s highest. If realized sustainably, the energy produced could benefit 34 million people, or about 66 percent of the population that currently live without access to electricity. This is coupled with Lao People’s Democratic Republic’s energy generation potentials, which could bring electricity to nearly all rural households by 2020, drive business growth, and generate income to reduce poverty.
The challenge, however, is to develop this natural resource sustainably. [read more]