PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

589087

Primary Business Area

Sustainable Business Advisory

Disclosure Date

Jan 6, 2013

Country

Lao People's Democratic Republic

Region

East Asia and the Pacific

IFC Approval Date

Sep 5, 2012

Status

Completed

Estimated Total Budget

$4,765,831.00
(Project budget includes all project-funded activities)

Last Updated Date

Mar 20, 2022

Project Estimated End Date

Jun 30, 2017

Project Description

The project will support the adoption of best practice environmental and social (E&S) standards by the hydropower sector through the following activities: 1. Assist government bodies in developing and/or improving water and hydro-related policies, laws, and technical guidelines to promote the implementation of best practice E&S standards; 2. Work with local government bodies and other stakeholders to anticipate, evaluate and manage E&S risks associated with cumulative impacts from hydropower investments occurring in select river basins; 3. Support financial institutions that are investing in hydropower development to improve the way they assess their hydropower investments through awareness raising workshops, trainings and sector-specific guidelines; 4. Work with hydropower companies to provide them with tools, skills and expertise to develop and implement E&S management systems. A Hydropower Developers' Working Group will be formed nationally and linked to river basin hydropower forums to create a community of practice to support knowledge exchange and enable more transparency and accountability of the sector; 5. Provide capacity-building and public awareness and promote south-south collaboration on the application of E&S sustainability standards in the hydropower sector.

Development Results