Azura-Edo Independent Power Plant Environmental Impact ... - IFC

Convention Concerning the Protection of the World Cultural and Natural Heritage
Sites (1972)
The convention sets aside areas of cultural and natural heritage for protection.
The latter is defined as areas with outstanding universal value from the
aesthetic, scientific and conservation points of view.
Convention on the Conservation of Migratory Species of Wild Animals (Bonn
Convention) (1979)
The Bonn Convention concerns the promotion of measures for the
conservation (including habitat conservation especially for endangered
species listed in Bonn) and management of migratory species.
Montreal Protocol on Substances that Deplete the Ozone Layer (1987)
The purpose of this protocol is to protect the ozone layer through enhanced
international cooperation by taking precautionary measures to control
equitably total global emissions of substances that deplete it. Signatories
undertake to communicate statistics on annual production, imports and
exports of the substances as indicated in the Protocol and to promote research
and development activities and information exchange.
African Convention on Conservation of Nature and Natural Resources (1968)
The contracting countries undertook to adopt the measures necessary to
ensure conservation, utilization and development of soil, water, flora and
faunal resources in accordance with scientific principles and with due regard
to the best interests of the people.
1.4.8 International Best Practice Standards and Guidelines
To help protect the security of the Project’s revenues, Azura Power is seeking
to obtain a Partial Risk Guarantee from the World Bank’s International
Development Association (IDA) together with insurance cover from the
World Bank’s Multilateral Investment Guarantee Agency (MIGA).
Development finance institutions such as the World Bank provide guidance
on their requirements for the EIA process and place particular emphasis on
achieving sustainable environmental, social and health outcomes.
Such international institutions also provide environmental standards and
limits for emissions and discharges. The overall project design and this EIA
are based on relevant guidelines published by the World Bank and therefore
are expected to meet the environmental requirements of potential lending
institutions.
The following international requirements and standards have been considered
within the EIA process and are described below:
• Equator principles (EP)
AZURA EDO IPP
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DRAFT EIA REPORT