IFC, a member of the World Bank Group, and the private sector launched the first working group for Myanmar’s hydropower sector. The Hydropower Developers’ Working Group (HDWG), first established in Lao PDR in late-2013, is the only platform exclusively for hydropower companies and industry-related professionals to influence policy and identify solutions to improve upon sustainability and business operations in Myanmar.
Over 100 stakeholders from Myanmar’s hydropower sector including companies, civil society organizations, financial institutions and government officials attended the working group’s first General Forum today in Yangon. The interim executive committee presented the working group’s agenda focusing on strengthening private sector relations with the government and highlighting the best practices and policies needed to develop projects sustainably. The committee comprises local and international hydropower companies and consultants operating in Myanmar.