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Local hydropower association goes independent


Published APR 26, 2019
By KYAW SOE HTET @The Myanmar Times

The Myanmar Hydropower Developer’s Association (MHDA), led by the International Finance Corporation (IFC), has now become an independent Myanmar-registered group promoting sustainable work in the country’s hydropower sector, it announced on Wednesday.

Founded in 2016 as the Hydropower Developers’ Working Group, MHDA is a platform where hydropower firms and related professionals are able to support talks, influence policies, and improve environmental and social management processes and governance.

As its first initiative, the MHDA has partnered up with the Ministry of Electricity and Energy to produce standardised concessions and power purchase agreements for hydropower projects.

These agreements will help regulate the rights and obligations of both developers and the government, and ensure projects will meet the accountability requirements of international lenders and comply with environmental and social standards.

Original Source: https://www.mmtimes.com/news/local-hydropower-association-goes-independent.html

Created at 2019-04-26 23:25:52