Environmental and Social Requirements. (i) The Project SPV shall carry out all its obligations under this Agreement in accordance with the provisions of the Agreement, Applicable Laws, Applicable Permits and Good Industry Practice;
Environmental and Social Requirements. Each Borrower shall have delivered to OPIC each of the following, which shall be prepared in accordance with the Environmental and Social Requirements (collectively, the “Environmental and Social Plans”): (a) an overarching policy statement of environmental and social objectives and principles appropriate to the size and nature of the Project and of such Borrower’s organization that will be used to permit the Project to achieve sound and sustainable environmental and social performance; and (b) a grievance mechanism appropriate to the size and nature of the Project and of such Borrower’s organization for such Borrower to receive and facilitate resolution of concerns and grievances about the environmental and social performance of the Project and such Borrower’s organization.
Environmental and Social Requirements. The Borrower shall deliver a copy of the Environmental Monitoring Program, which shall be prepared in accordance with the Environmental and Social Requirements and will incorporate, inter alia, (a) an overarching policy statement of environmental and social objectives and principles appropriate to the size and nature of the Project and of the Borrower’s organization that will be used to permit the Project to achieve sound and sustainable environmental and social performance; and (b) a grievance mechanism appropriate to the size and nature of the Project and of the Borrower’s organization for the Borrower to receive and facilitate resolution of concerns and grievances about the environmental and social performance of the Project and the Borrower’s organization.
Environmental and Social Requirements. The Borrower shall deliver all of the Environmental and Social Plans, each of which shall be prepared in accordance with the Environmental and Social Requirements.
Environmental and Social Requirements. 22.12 The Borrower shall comply with all relevant Environmental and Social Requirements in all material respects.
Environmental and Social Requirements. Power plants generate benefits through electricity production, but also come with a cost to the location in which they are built and the resources on which they draw. Impacts on the local community can occur both during construction (large equipment, increased road traffic, etc.) and operation (noise, air and water pollution). Local law will generally include a number of environmental and social requirements which must be complied with. Additionally, many lenders will expect compliance with their own environmental and social requirements as part of the financing conditions for the project. These considerations are intended in part to ensure the long-term sustainability of the asset as well as the sustainable management of exhaustable resources which are required for the project's operations. Many DFIs require compliance with the IFC Environmental and Social Perfor- xxxxx Standards, while others such as the African Development Bank have their own standards (see the Integrated Safeguard System). In addition, a number of commercial banks require compliance with the Equator Principles. For ease of reference these standards will simply be referred to as lender standards. Environmental Considerations Different types of power plants create different environmental issues. For example, coal-fired power plants have to address emission levels of sulfur dioxide, nitrogen oxides and dust particles, as well as potential contamination of water sources. Similarly, construction of large hydroelectric plants may involve large-scale resettlement of populations, destruction of forests, degradation of water quality, and diversion of water
Environmental and Social Requirements. Xxxxxxx will also want to understand community buy-in to the success of the project, and will often look to ensure the community's engagement through community outreach programs. In order to build a power plant and evacuate the power to a nearby or further substation, it may be necessary or desirable to have people living in the vicinity of the infrastructure to agree to relocate and resettle elsewhere. Resettlement generally refers to being physically displaced or moved from a residence, as well as being economically displaced by losing income, assets or access to a source of livelihood. If any such resettlement is deemed involuntary, this will be an issue of particular concern for the lenders and may prevent certain lenders from providing financing. Involuntary resettlement typically refers to a situation in which the impacted people do not have the right to refuse the resettlement. Gender Issues Women make up one of the largest segments of the population which has been historically overlooked and marginalised when it comes to investment countries. Women are generally invisible in the energy sector (as consumers, suppliers and policy and decision makers) in contrast with their substantial roles as household energy managers and agriculture producers coping with environmental degradation and climate change impacts. Due to existing gender disparities in many countries, women disproportionately suffer the health, labour and cost impacts of limited electricity access.
Environmental and Social Requirements. 9.1Audit compliance with the Environmental Requirements under Annexure IV to the Concession Contract in the manner set out in that Annexure.
Environmental and Social Requirements
