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OBJECTIVE
The target of the venture is to (i) enhance the electrical energy provide within the Socialist Republic of Viet Nam by supporting a cross-border electrical energy commerce, and (ii) help Lao PDR’s diversification of its vitality combine.
DESCRIPTION
The venture entails the event, development, and operation of an roughly 600-megawatt wind technology facility, an related 500-kilovolt substation, and a 500-kilovolt transmission line in Sekong Province and Attapeu Province in Lao PDR. The generated electrical energy is predicted to be bought to Vietnam Electrical energy (EVN).
ENVIRONMENTAL AND SOCIAL INFORMATION
The venture shall be co-financed with the ADB as a lead co-financier, and its Environmental and Social (ES) dangers and impacts have been assessed in accordance with the ADB’s Safeguard Coverage Assertion (SPS), 2009. To make sure a harmonized method to addressing ES dangers and impacts of the venture, and as permitted underneath AIIB’s ESP, AIIB agrees that the ADB’s SPS will apply to the venture in lieu of AIIB’s ESP. AIIB has reviewed the ADB SPS and is happy that: (i) it’s per AIIB’s Articles of Settlement and materially per the provisions of AIIB’s ESP and the related ES Requirements; and (ii) the monitoring procedures which might be in place are applicable for the venture.
ES Due Diligence evaluation has been carried out together with a website go to by the lenders’ group together with AIIB. Screening of the location circumstances and proposed venture investments level to potential impacts on biodiversity together with birds/bats, cultural heritage (religious forest areas), and potential occupational well being and security dangers together with these associated to the potential disturbance of soils and sediment contaminated by defoliating chemical compounds and unexploded ordnance. The native Environmental and Social Influence Evaluation Report was ready in 2020 in accordance with Lao PDR’s necessities and it has now been up to date to fulfill ADB’s SPS necessities. The potential social impacts recognized embrace financial displacement of households, companies, and neighborhood property sources that are in shut proximity to the generators; entry restrictions; and disproportionate results on weak teams, together with ladies and ethnic minorities. Furthermore, bodily displacement could stem from buildings being situated inside the well being and security setback zone. The venture firm or sponsor will set up and function a project-level grievance redress mechanism (GRM) for native communities and the venture contracted employees respectively. The general public session and disclosure course of shall be used to disseminate details about the project-level GRM and the PPM of AIIB.
A draft Environmental and Social Influence Evaluation (ESIA) together with a draft Environmental and Social Administration Plan (ESMP) has been developed. These have been disclosed on ADB’s web site (April 2022), and AIIB’s web site embrace hyperlinks to the documentation on ADB’s web site. A draft Biodiversity Motion Plan, Neighborhood & Ethnic Group Growth Plan, Resettlement Plan, Cultural Heritage Administration Plan and Stakeholder Engagement Plan are disclosed on August 19, 2022 on AIIB’s web site.
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