IFC Performance Standards and ESMS Training for InterEnergy Holdings

In early May 2015, Prizma had the opportunity to deliver a tailored 2-day training course to representatives from several of InterEnergy Holdings’ portfolio companies. These ranged from energy generation, transmission and distribution in the Dominican Republic, some of which were co-financed by the Inter-American Development Bank (IDB), to InterEnergy’s Laudato Si wind park in Penonomé, Panama. The Laudato Si wind park is the largest wind development in Central America and was co-financed ($300 million) by the International Finance Corporation (IFC). Prizma supported InterEnergy with environmental and social aspects of the Penonomé wind farm development. - Shortlink: http://wp.me/p27qSt-Lb

The 2-day training course was delivered in Santo Domingo. During the first day, the interactive presentation provided an introduction (context: why, who, what, when), included ice breakers to facilitate networking and peer learning, and covered the IFC Performance Standards (requirements, application, challenges). This was followed by a module which highlighted the use and application of relevant World Bank Group’s Environmental, Health and Safety Guidelines. Participants had an opportunity apply and test their knowledge using anecdotal case studies.

During the second training day, the participants were introduced to InterEnergy’s Environmental and Social Management System (ESMS). Previously, Prizma assisted InterEnergy with the development of its ESMS.

The participants were guided through the identification of applicable IFC Performance Standards, drafting environmental and social due diligence forms, and exploring project categorization and associated dilemmas. The small group work and subsequent plenary discussions enabled more effective, nuanced and fun learning.

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Participants were also walked through IFC’s templates on corporate and facility level Annual Monitoring Reports (AMR). These AMRs are used by IFC to assign/change Environmental and Social Risk Rating (ESRR) of IFC’s investments/clients. This, in turn, can trigger corrective actions or, under certain circumstances, limit access to additional finance.

After the course, participants were invited to complete anonymous evaluation questionnaires and rate their course experience. A review of the completed evaluation forms shows that the course was very well received and highly rated. All course participants rated the course as “a good investment of my time” (all rated course 5 out of 5, the highest rating) and “I can recommend this course” (all rated course 5 out of 5, the highest rating).

This high rating deserve acknowledgment of Roberto Herrera, InterEnergy's Country Manager and our host in the Dominican Republic, very active course participants as well as my fellow presenters, Cleone Botelho and Randy Schulze.

Curious about some of our other courses? Check out these blogs:

 

 

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