The modernisation of the hydropower fleet in Latin America and the Caribbean needs to go beyond 'business as usual', write Arturo Alarcón, Senior Energy Specialist at the Inter-American Bank (IDB) and Maria Ubierna, Hydropower Specialist at the International Hydropower Association (IHA) in a joint blog.
Read the blog in Spanish on IDB's website.
18 May 2020
In an unprecedented joint statement, 16 international and national organisations representing the global hydropower sector today set out guiding principles for energy infrastructure policy in the Covid-19 recovery.
7 May 2020
Good practice guidance seeks Indigenous communities’ free, prior and informed consent for hydropower development
New sustainability guidance will give increased confidence to local communities, industry and investors that hydropower projects can be successfully developed while respecting Indigenous People’s lands, rights and culture.
7 May 2020
In Nepal, the Tamang Indigenous People gave their free, prior and informed consent to a new 216 megawatt run-of-river project.
The River Trishuli flows down the steep Himalayas and enters Nepal with such force and speed that it was named after the trident of Lord Shiva, the most powerful of Hindu gods. Legend has it he drove his trident into the ground to create the source of the sacred river.
Sustainability assessment tools have been enhanced to better align with ESG requirements set by international financial institutions such as IFC and the World Bank.
Use of the Hydropower Sustainability Tools will mean hydropower developers better understand how their project can achieve the performance standards required by major investment banks for all types of infrastructure projects.
In May 2020, the Hydropower Sustainability Assessment Council updated the Hydropower Sustainability Tools, which are used by independent assessors to assess a hydropower project’s performance in accordance with internationally recognised good and best practices.
The changes include the addition of Free, Prior and Informed Consent (FPIC) as a requirement of meeting good practice for hydropower projects that affect Indigenous Peoples.