The International Finance Corporation of the World Bank Group has announced the launch of the Myanmar Hydropower Developers’ Association (MHDA), an innovative platform for hydropower companies and industry professionals.
MHDA was founded in 2016 as the Hydropower Developers’ Working Group, initially led by IFC with support from the Australian government. MHDA is now an independent, Myanmar-registered association that offers a private sector perspective on hydropower policies and the sector’s evolving legal and regulatory frameworks and development, IFC said.
The association has four focus areas:
- Development of model transactional documents;
- Project procurement;
- Environmental and social matters; and
- Small hydropower.
Members benefit from tailored seminars on topics such as social risk management, stakeholder engagement and grievance mechanisms.
Membership is open to local and foreign-owned hydropower developers, operators, engineering-procurement-construction (EPC) contractors, and related vendors and industry professionals that are currently or soon to be operating in Myanmar.
According to the International Hydropower Association, Myanmar has installed hydropower capacity of 3,151 MW (as of 2014), with the potential for more than 100 GW of hydropower. IHA’s Myanmar country profile, which was last updated in August 2015, said the country’s electrification rate was only 31%.
In May 2018, IFC and the government of Myanmar released a draft strategic environmental assessment intended to help guide sustainability within the southeastern Asia country.