39258
Norfund (514894) and YSI (798404)
Jun 6, 2018
Myanmar
East Asia and the Pacific
Sep 30, 2022
Infrastructure
Rural Electrification
CN4AV - Regional Industry - INF Asia & Pac/InfraVentures-CEA
Key identified E&S impacts and risks of the project, which are site specific, can be addressed through effective mitigation efforts, relating to:
(i) a robust E&S management system at the project company;
(ii) pre-established process of leasing land from local communities based on good faith negotiations;
(iii) development of occupational health and safety protocols to manage risks during construction and operation;
(iv) proactive stakeholder engagement with effective grievance mechanisms in place.
IFC’s due diligence indicates that the company has assigned experienced personnel to manage these aspects and has put in place appropriate procedures to manage the land leasing process and stakeholder engagement. The company will also develop a formal stakeholder engagement plan including grievance redress mechanisms.