The deadline for the Hydropower Sustainability ESG Assessment Fund, which the International Hydropower Association announced in February, has been extended to June 1, 2020, due to “the general disruption caused by the coronavirus pandemic.”
The fund was launched to aid hydropower project developers and operators in Africa, Asia, Europe and the Americas to benchmark and raise their social and environmental performance. A total of CHF1 million (US$1.02 million) will be awarded to 40 or more hydropower projects between 2020 and 2024.
Successful recipients will receive a grant to part-finance the cost of commissioning an independent project assessment using the Hydropower Sustainability ESG Gap Analysis Tool (HESG), a tool based on the Hydropower Sustainability Assessment Protocol and governed by a multi-stakeholder coalition of non-governmental organizations, governments, banks and multilateral institutions.
The scheme is managed by IHA’s sustainability division and funded by Switzerland’s State Secretariat for Economic Affairs (SECO).
The first tranche of funding of CHF250,000 in 2020 will be made available for eligible projects in Albania, Bosnia-Herzegovina, Colombia, Egypt, Ghana, Indonesia, Kosovo, Kyrgyz Republic, North Macedonia, Peru, Serbia, South Africa, Tajikistan, Tunisia, Ukraine, Uzbekistan and Vietnam.
Projects under preparation and development, as well as those already in operation, are eligible for the grant. Applicants will need to demonstrate a strong track record or commitment to sustainability and show that their project aligns with national or regional development policies.