The Lower Sesan II dam is expected to generate electricity as planned by 2017, filling a power void in the country as national grid construction is under way, according to the deputy provincial governor of Stung Treng.
Category: Cambodia
Regional NGOs meet in Myanmar to improve community involvement in infrastructure decisions
This week, 50 representatives from non-governmental organizations (NGOs) across the Mekong region met in Myanmar to share successes and challenges in effectively involving local communities in environmental impact assessment (EIA) processes.
At the “Community Engagement in Environmental Impact Assessment: A Regional Exchange and Learning Forum” in Yangon, participants explored approaches to helping communities constructively engage with businesses and government to ensure sustainable and equitable development in the context of increasing infrastructure investment in the region, according to a press release September 23.
Ministry of Environment positive to Sambo dam petition from young environmentalists
A group of 7 young environmentalists brought a petition about Sambo hydropower dam in Kratie province to Ministry of Environment on morning of 26 September 2016 to request the ministry to review possible impacts of the dam. Ministry of Environment accepted and showed a positive stand to the youth group after receiving the petition immediately.
Sambo Hydro Dam Info Urged
Youth groups and environmental activists have requested the government release the latest documents concerning the proposed Sambo hydroelectric dam in Kratie province, amid lingering concerns of the possible environmental damage the dam may cause.
Asia: Heading towards a seismic shift
In a decade’s time, visitors to Asean, South and North Asia may find their personal experiences in their respective destinations differ quite drastically.
Each Asian nation is busy operating at its own pace, plotting a new stage of economic development and growth – despite ongoing global economic uncertainty.
In the process of this seismic shift, some countries have chosen to work in partnerships while others are tackling the challenges alone. All of them reflect Asia’s unique aspiration to take on global competitive pressure. Some nations aim to get out of the middle-income trap, while others want to secure a higher standard of living for their people.
Action Urged Over Illegal Mining
Rattanakiri provincial authorities were urged by a National Assembly commission yesterday to take swift action against illegal gem mining, which they blamed on infrastructure damage and tax revenue loss.
Speaking after a meeting with provincial authorities at the provincial hall, opposition member Heng Danaro said the province’s tourism sites were being made increasingly difficult to visit due to road and bridge damage caused by illegal mining operations.
Kratie’s Tourist Boat Operators Worry Over Don Sahong Dam Impacts in Laos
Two commune chiefs and tourist boat operators in Kratie province have expressed their dissatisfaction over the construction of Don Sahong Dam, saying people’s living conditions will be getting worse while biodiversity – including rare fish species and dolphins in the lower Mekong River – are facing a threat of becoming extinct in the future if the Lao dam proceeds with its construction.
What’s the Deal with “Sustainable Banking”?
Citizens in the Mekong region are increasingly hearing about “sustainable banking,” mostly associated with infrastructure and energy projects. It means regional banks, slow to commit to sustainability, are increasingly considering more responsible ways of doing business.
Cambodia recently joined Thailand, Laos, Vietnam, China and 20 other emerging market economies in committing to better environmental and social risk management practices under the International Finance Corporation’s (World Bank Group) Sustainable Banking Network. And just this week, the Association of Banks in Cambodia (ABC) announced an initiative promising to work toward sustainable banking principles for Cambodia, “as ways to mitigate the damage associated with infrastructure, energy and large scale agribusiness projects.”
Banking with a positive spin
A banking sector initiative launched yesterday aims to advise Cambodia’s financial sector on best practices for sustainable lending while capitalising on the growing pool of international funds that could flow into green and socially responsible projects.
The Sustainable Finance Initiative will conduct two years of research to identify best practices that can be applied by financial institutions when formulating their lending policies, such as ways to mitigate the damage associated with infrastructure, energy and large-scale agribusiness projects.
Banks Commit to Sustainable Finance
Banks in Cambodia will strive to improve sustainability, and integrate environmental and social safeguards into future business decisions, the Association of Banks of Cambodia (ABC) announced yesterday.
At a ceremony at the Himawari Hotel in Phnom Penh, ABC acting chairman Charles Vann said the association was committed to improving the banking sector.