IFC, a member of the
EDL-GEN sells the majority of its electricity to its parent Electricity du
Energy demands are on the rise in our region, said Boun-Oum Syvanpheng, Managing Director of EDL-GEN. IFC s support will help EDL-GEN build its internal capacity to operate more sustainably, better serve the market and improve our business performance.
IFC will advise EDL-GEN on global and regional trends in sustainable hydropower and strengthen its employees competence in environmental and social risk management. The advice will be based on IFC s eight performance standards to achieve environmental and social sustainability. EDL-GEN will also learn how IFC helped enhance similar business operations in other countries.
We will help employees at EDL-GEN better understand the benefits of sustainable operations, said
In the Mekong region, IFC helps hydropower companies meet international environmental and social standards so that they can better evaluate and manage risk, lower production costs, as well as address grievances from workers and affected communities.
Globally, IFC has an active renewable energy portfolio including hydropower, wind, solar, geothermal, and biomass. In the 2014 fiscal year, IFC supported 55 energy projects across
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