Mekong Eye

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  • Banking with a positive spin

    09/20/2016

    A banking sector initiative launched yesterday aims to advise Cambodia’s financial sector on best practices for sustainable lending while capitalising on the growing pool of international funds that could flow into green and socially responsible projects.

    The Sustainable Finance Initiative will conduct two years of research to identify best practices that can be applied by financial institutions when formulating their lending policies, such as ways to mitigate the damage associated with infrastructure, energy and large-scale agribusiness projects.

  • Banks Commit to Sustainable Finance

    09/20/2016

    Banks in Cambodia will strive to improve sustainability, and integrate environmental and social safeguards into future business decisions, the Association of Banks of Cambodia (ABC) announced yesterday.

    At a ceremony at the Himawari Hotel in Phnom Penh, ABC acting chairman Charles Vann said the association was committed to improving the banking sector.

  • Govt sidesteps controversial Thanlwin in hydropower push

    09/19/2016

    U Htay Aung, deputy permanent secretary of the Ministry of Electric Power and Energy, told The Myanmar Times last week that the projects – the Shweli (3), Upper Yeywa and Upper Kyaing Taung dams – are seen by the ministry as a means of meeting energy-deprived Myanmar’s electricity needs, while noting that the earliest expected completion dates were 2020.

    Along with a fourth dam under construction in Rakhine State and a fifth in Nay Pyi Taw’s Pyinmana township, the projects’ electricity generation will total more than 1500 megawatts, he said, nearly half of Myanmar’s current installed capacity nationwide.

  • Dam committee meets Myitsone residents

    09/19/2016

    Kachin residents have expressed their refusal to accept the Myitsone dam project when the Investigation Commission for Hydropower Projects on the Ayeyawady River visited Myitsone.

    The committee met town elders and MPs at the Myitsone Resort, asked about the livelihoods of villagers and the environmental damage caused by gold mining.

  • Hurdles for environmental impact assessments

    09/19/2016

    What is the biggest challenge in carrying out an environmental impact assessment (EIA) for a project in Việt Nam?
    As we all know, an EIA is a scientific process that comes up with some projection of the environmental impacts that a project may cause to its surroundings. But currently, an EIA is expected to come up with assessments on areas that do not belong to its ‘original task’ like social impact assessments (SIA), health impact assessments (HIA) and risk assessments (RA).

    Though the work demanded for a good EIA report is large, the capital resources allocated for EIAs in Việt Nam is very limited – between just 1-10 per cent of the average resources it receives in other countries. That’s the key reason why an EIA report in Việt Nam is not as comprehensive and independent as it should be.

  • Mekong Eye News Digest: 14 September 2016

    09/16/2016

    Curated by The Mekong Eye. A weekly update of news, commentary and resources on Mekong development projects, investment, EIAs and other development issues. We include a balanced and representative range of news and views from local, regional and global sources. The Digest reaches around 4000 key development professionals, government officials, business leaders and journalists.

  • Mega project to take 4 billion m3 of water from Mekong River

    09/15/2016

    On the Loei River, a tributary of the Mekong River, an “unreal” project of water diversion by Thailand is about to commence, which would cause severe conflicts on water usage on the Mekong. The project with the name of Kong-Loei- Chi-Mun is a “massive operation” on the whole of the Loei River and will result in villages and houses being wiped out to make way for water containment. Not only the livelihood of the people connected with Loei River will be threatened, but also serious impacts of such a project will spread down to the Mekong Delta.

  • Why silt is so important for the Mekong

    09/15/2016

    Just as forests are more than only trees, rivers are more than water. The Mekong river carries massive loads of sediment and nutrients from upstream to downstream and across national borders, replenishing and enriching the land as it goes. This process is key to sustaining the ecological integrity of the river and surrounding landscapes, which in turn supports the economy.

    However, a boom in sand mining and hydropower development on the Mekong is transforming the river’s sediment flows, with profound consequences for the region if left unchecked. For a prosperous, sustainable future for the region, all Mekong countries must come together now and adopt international standards for managing transboundary river resources.

  • General implicated in Prey Lang logging

    09/15/2016

    Newly declared protected areas in Prey Lang forest are being illegally logged by companies belonging to a three-star general and his sister, according to Goldman Environmental Prize-winning conservationist Ouch Leng and NGOs with which he is working.

    Leng, along with 15 NGO officers, patrollers and environmental activists, allege the forest in Preah Vihear’s Rovieng district is being logged daily by two companies and hauled to a timber processing facility, known as Factory 95.

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