On the 29th of May 2018, the government of Myanmar and the International Finance Corporation released a draft Strategic Environmental Assessment (SEA) report regarding the sustainability of the country’s hydropower sector.
Once completed, the report will recommend a balance between hydropower development and natural resource protection in each major river basin in Mynamar.
One of the key recommendations outlined in the SEA draft regards the preservation of the mainstems of Myanmar’s key rivers, including the Ayeyarwady, Thanlwin and Chindwin, encouraging decision makers to explore locations that have less environmental, social and cultural risk.
“The government of Myanmar has been working to strike a balance between meeting energy needs, and addressing environmental and social values that have emerged during the SEA process,” said Vikram Kumar, IFC Country Manager based in Yangon. “We hope the SEA creates a market for more responsible investors in the hydropower sector and helps to raise environmental and social standards.”