The International Hydropower Association announces it has published a how-to guide for hydropower developers and operators that aims to increase knowledge and understanding of benefit sharing in project development.
The How-to Guide on Hydropower Benefit Sharing will help decision-makers identify and deliver socioeconomic benefits to communities, while assisting companies to avoid business risks and improve project viability, IHA says.
“Hydropower projects are developed to provide electricity and other essential services such as water supply or flood control. But they do more than that. Sustainable projects can provide important benefits for nearby communities, including economic infrastructure, electricity subsidies and local employment,” said Joà£o Costa, senior sustainability specialist at IHA. “This how-to guide will help industry professionals understand benefit sharing in hydropower and gain insights into the strategies and approaches towards achieving good international industry practice.”
The publication provides an overview of current knowledge on benefit sharing across the hydropower sector, looking at beneficiaries and types of benefits, including those related to project siting and design, monetary and non-monetary, regulatory and voluntary, as well as governance and monitoring methodologies.
The guide aims to support developers and operators in meeting good practice, as defined by the Hydropower Sustainability Tools. It outlines a range of strategies to share benefits related to financial mechanisms, capacity building, training and employment, procurement, social services, economic infrastructure, electrification and subsidies, and reservoir use.
IHA is a non-profit membership organization committed to sustainable hydropower. Its mission is to advance sustainable hydropower by building and sharing knowledge on its role in renewable energy systems, responsible freshwater management and climate change solutions.