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Canada’s Total Climate Finance Contribution:
$165,000 CAD
- 2010 to 2011: $165,000 CAD
Targeted Countries:
Nepal
Funding Period: 2010 to 2011
Type of Support:
Mitigation
Project Funded through a Canadian Facility:
IFC - Canada Climate Change Program (CCCP)
Delivery Partner(s):
Description
The IFC-Canada Climate Change Program will provide support for the emergence of a pipeline of investable hydropower projects in Nepal. The project will provide advice to developers and their contractors, to enable adherence to international industry standards on project development practices, technical, commercial and environmental and social aspects. Assistance will also be provided to the Ministry of Science, Technology and Environment in upgrading current Nepali standards to international requirements, to promote a regulatory environment conducive to the development of bankable hydropower projects.
Results/Expected Outcomes
This project is expected to promote sustainable hydropower development in Nepal by reducing the risk for adverse social and environmental impact while strengthening the pipeline of investable hydropower projects. With support from Canada, this project is expected to mobilize an additional $1.8 million in co-financing from public and private sources and lead to an estimated greenhouse gas emissions reduction of 1,185,754 metric tons of CO2 per year.*
Co-Financing/Mobilized Finance ($CAD):
$1,800,000
Estimated GHG (metric tons of CO₂) Reduction Associated with Project (per year)Disclaimer *:
1,185,754