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IFC signs services agreement for
hydroelectric development with Myanmar MYANMAR COMPANY,
avr INCORRORATION,
SINGAPORE COMPANY ELIGIBLE
VIDEO: DOING BUSINESS
IN MYANMAR sant
Worls Bank Group member, ntematonal Finance Corp, In September signed an advisory
services agreement withthe government of Myanms
Fisk management in hycropower projects, according press release from the IFC.
ep improve enveonmental and socal
VIDEO: DOING. BUSINESS
Myanmar has ecently appr ety lw andi naling the procedures for IN MYANMAR
lonvionmentalimpact assessment
10 Sid 34 milion people, oF about 66% of the Myanmar population, does nat have
‘electri To address ths constraint, the government has seta target of increasing AIDEOs MYANMAR
elec. To address th the 9 hassel a larget of increasing INVESTHENT OPPORTUNITIES
ation rte to 50% by 2020,
the ober
The World Energy Counel estimates the hydropower potent of Myanmar’sfour main Hers —
'awadey, Thani, Chindvin and Sttaung — at 100,000 MW, but sa that loss than 10% of ALAIN COMPANY ELGLE
the potential has bean hamessed
In published reports, U Hen Ht, deputy elrector ganeral, Department of Electric Power
Planning, Misty of
push hydropower developmentin the right rection. We want hydropower projects in Myanmar
c Power, Union of Myanmar sad, "We have an opportunity now to
to sat now standards and to meet good international and industry practoos”
‘spat of te cooperation agreement, IFC and Myanmar wl commission a countrywie
stratogie onvionmantal assessment of th hyéropower sector. IFC will aso proviso poley
‘guidance and taining on other important areas, such as environmental lows management,
Denefi-sharing artangements, and stakeholder engagement
“The Word Bank Group wants to play a pivotal oe in supporting he development of @
inale hysropower sector, a8 pat af ta effors to help Myanmar achive a balanced energy
ix” said Vieam Kure yanmar resident representative.
IFC's offers to promote a more sustainable hydropower sector in Myanmar bull on fssons
learned from as workin Lag PDR. Since 2012, IFC has been working wth the government ofLao PDR, hydropower compa!
RAG, GN
Sore: Hydro World STRATEGY
program in Mysnmar, funded
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