As hydropower investment accelerates in Lao PDR, IFC and the Lao government want to make sure development is done right. At the forefront of this development, hydropower and construction companies can play a significant role toward properly managing water resources and addressing issues that impact project sustainability.
Established by IFC and the Lao National Chamber of Commerce and Industry, the Hydropower Developers’ Working Group is a platform to help companies channel their concerns to the government, tackle business challenges, and develop hydropower that meets environmental and social best practices. The working group is the first of its kind in the Mekong region.
More than 60 representatives from hydropower and construction companies investing in Lao PDR attended the first meeting in February 2014, mapping out priorities and directions for the working group. Following the meeting, participants attended a seminar on sustainable project financing and investment, and managing risks while addressing social and environmental responsibilities. Members have indicated that they are keen to learn about dam safety, environmental and social risk management, and technical and financial policies in future seminars.
For more information on the Hydropower Developers’ Working Group, contact us.