The International Finance Corporation (IFC) has announced it is supporting the launch of the Myanmar Hydropower Developers’ Association (MHDA), an innovative platform for hydropower companies and industry professionals.
The MHDA was founded in 2016 as the Hydropower Developers’ Working Group. Initially led by IFC with support from the Australian government, the MHDA is now an independent, Myanmar-registered association. It offers a private sector perspective on hydropower policies and the sector’s evolving legal and regulatory frameworks and development.
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, EPC contractors, as well as related vendors and industry professionals that are currently or soon to be operating in Myanmar.