Sustainable hydropowre develpoment can be done better. Experts agree that three areas needing improvement are addressing environmental and social risks upfront, improving sustainable lending, and strengthening regional cooperation.
There is a need to get hydropower companies into the discussions that shape policy and regulations. Together, says Kate Lazarus, Senior Operations Officer at the International Finance Corporation, we can play a role in driving change in this sector.
During his presentation at a two-day mid-January workshop in Naypyidaw, Director U Min Khaing announced an ambitious vision for the country’s power sector – to fulfill [Myanmar’s] electricity demands by 2030.
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IFC Promotes Sustainability of the Hydropower Sector in the Mekong Region
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 six million people to meet their energy needs. 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]