Deadline extended for $1m assessment fund for sustainable hydropower projects

7 April 2020

The deadline for the Hydropower Sustainability ESG Assessment Fund announced in February has been extended to 1 June 2020. The decision comes as a response to the general disruption caused by the coronavirus pandemic.

“At a moment when we all have to make adjustments to our personal lives and professional activities, we understand a deadline extension is fair for all applicants. This will hopefully give everyone more time to plan, prepare and submit proposals,” said Joao Costa, Senior Sustainability Specialist at IHA.

 All criteria for the initial Call for Proposals are upheld, and assessments can now be conducted any time up to 31 December 2021.

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.

Under the initiative, a total of 1 million Swiss Francs (USD 1.02m) 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 NGOs, governments, banks and multilateral institutions.

The scheme is managed by the International Hydropower Association’s sustainability division and funded by Switzerland’s State Secretariat for Economic Affairs (SECO).

The first tranche of funding of CHF 250,000 in 2020 will be made available for eligible projects in the following countries: 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 all 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.

Learn about the Hydropower Sustainability ESG Gap Analysis Tool and how to apply to the fund: hydropower.org/esg-tool.



Privacy Policy
We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.