IFC to lead sustainable hydro in Myanmar
The International Finance Corporation (IFC) has signed to advise the government on environmental and social risk management for hydropower projects nationwide.
This is the first time anything like this will be done in Myanmar. Commentators say they hope it will serve as the basis for transparent debate and decision-making in a sector that has been beset with controversies over displacement, ethnic conflict and environmental damage.
After recently approving a new electricity law, Myanmar is finalising procedures for environmental impact assessments.
