PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

608445

Primary Business Area

Infrastructure

Disclosure Date

Dec 9, 2024

Country

Armenia

Region

Europe

IFC Approval Date

Oct 16, 2023

Status

Completed

Estimated Total Budget

$165,000.00
(Project budget includes all project-funded activities)

Last Updated Date

May 22, 2026

Project Estimated Start Date

Oct 15, 2023

Project Estimated End Date

Jun 30, 2025

Project Description

IFC aims to provide support to ContourGlobal Hydro Cascade CJSC in carrying out comprehensive climate risk and gender assessments and adaptation plan to improve operational performance and resilience of Vorotan hydropower cascade. The objective of the upstream engagement is to help the Company to undertake a detailed assessment of climate change risks (physical and social), provide recommendations on climate resilience interventions that could enhance the Projects’ performance and reduce community and environment vulnerabilities to climate hazards, while avoiding maladaptation for the communities and environment, and build capacity in climate change risk management planning in a gender-inclusive way.

Development Results

E&S Risks / Impacts and Mitigation