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OBJECTIVE
The target of the Venture is to (i) improve the electrical energy provide from renewables within the Socialist Republic of Viet Nam (Viet Nam) by supporting a cross-border electrical energy commerce between Lao PDR and Viet Nam, and (ii) diversify Lao PDR’s supply of electrical energy exports.
DESCRIPTION
The Venture entails the event, building, 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 offered to Vietnam Electrical energy (EVN).
ENVIRONMENTAL AND SOCIAL INFORMATION
The Venture is 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 SPS. To make sure a harmonized strategy 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’s SPS and is glad that: (i) it’s according to AIIB’s Articles of Settlement and materially according to the provisions of AIIB’s ESP and the related ES Requirements; and (ii) the monitoring procedures which are in place are applicable for the Venture.
ES Due Diligence evaluation has been carried out together with a website go to by the lender group together with AIIB. Screening of the location circumstances and proposed Venture investments level to potential impacts on biodiversity together with amphibians, birds/bats, cultural heritage (religious forest areas), and doable occupational well being and security dangers together with these associated to the potential disturbance of soils and sediment contaminated by defoliating chemical substances and unexploded ordnance. The native Environmental and Social Impression Evaluation Report was ready in 2020 in accordance with Lao PDR’s necessities after which it has been up to date to satisfy ADB’s SPS and lender’s necessities. The potential social impacts recognized embrace financial displacement of households, companies, and neighborhood property assets that are in shut proximity to the wind generators; entry restrictions; and disproportionate results on weak teams, together with girls and ethnic minorities. Furthermore, bodily displacement could stem from constructions being situated inside the well being and security setback zone. The Borrower will set up and function a project-level grievance redress mechanism (GRM) for native communities and the contracted staff respectively. The general public session and disclosure course of will probably be used to disseminate data well timed in regards to the project-level GRM and the Venture-affected Peoples Mechanism (PPM) of AIIB in an applicable method.
A draft Environmental and Social Impression Evaluation (ESIA) together with a draft Environmental and Social Administration Plan (ESMP) has been developed. ADB has disclosed the draft ESIA and ESMP in April 2022 and a draft Indigenous Peoples Plan and a draft Resettlement Plan in September 2022 on its web site. AIIB’s web site embrace hyperlinks to the documentation on ADB’s web site. A draft Biodiversity Motion Plan, Group & Ethnic Group Improvement Plan, Resettlement Plan, Cultural Heritage Administration Plan and Stakeholder Engagement Plan had been additionally disclosed on August 19, 2022 on AIIB’s web site. The ES documentation was disclosed in English (through ADB and AIIB web site) and the summaries incorporating parts of this documentation which are related to stakeholders, together with the Venture-affected folks, in language(s) comprehensible to them was finished in the course of the native consultations. The languages used had been the native Khmer language and the Lao language.
Monitoring and supervision missions will probably be carried out each six months throughout building and yearly thereafter. Website visits to confirm implementation of ES plans will probably be carried out collectively by the lender group as soon as circumstances allowed. ES monitoring stories will probably be ready by the Venture Firm each quarter throughout building work, and each six months thereafter.
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