Morocco: Ouarzazate Concentrated Solar Power Plant Project

Similar documents
POLICY BRIEF 11 POTENTIAL FINANCING OPTIONS FOR LARGE CITIES

Dangerous, Insanitary and Earthquake Prone Buildings Policy

The Unsolicited Proposal What the Public Sector Needs to Know What the Private Sector Should Expect

FINANCIAL ANALYSIS I. INTRODUCTION AND METHODOLOGY

NORTH YORKSHIRE PENSION FUND GOVERNANCE COMPLIANCE STATEMENT

Public Trustee Trust Funds. Fo he dec Vie.i i [ 31, 116

Independent auditor s reports Group income statement Group statement of comprehensive income

checks are tax current income.

Swiss Solvency Test (SST)

Third Quarter 2017 Results & Outlook October 26, 2017 CMS MODEL: CONSISTENT PAST WITH A SUSTAINABLE FUTURE

Appendix U: THE BOARD OF MANAGEMENT FOR THE REGAL HEIGHTS VILLAGE BUSINESS IMPROVEMENT AREA. Financial Statements For the Year Ended December 31, 2011

NEW DEVELOPMENTS VALUATION

FOR OFFICIAL USE ONLY

BEFORE THE ENVIRONMENT COURT

PERSONAL FINANCE Grade Levels: 9-12

Matthias Weber. New York, 8 June 2011

assurance Accounting, Reporting and Auditing Developments April 7, 2017 Assurance Tax Advisory dhgllp.com

FINANCIAL ANALYSIS I. INTRODUCTION AND METHODOLOGY

Government Notices Goewermentskennisgewings OF DEPARTMENT


International Budget Partnership OPEN BUDGET QUESTIONNAIRE Sri Lanka, September 2009

The streets listed below have been identified as high priorities in sewer replacement programs:

Year-End 2017 Results & Outlook February 14, YEARS OF CONSISTENT PERFORMANCE

PSAS: Government transfers what you need to know

Annual EVM results Zurich, 15 March 2013

Group register of relevan nt interests

UBS European Conference. Stefan Lippe, Chief Executive Officer 16 November 2011

Exhibit A Covered Employee Notification of Rights Materials Regarding Allied Managed Care Incorporated Allied Managed Care MPN MPN ID # 2360

Pillar 3 Quantitative Disclosure

PSAKUIJIR Vol. 4 No. 2 (July-December 2015)

)''/?\Xck_

Sustainability and Swiss Re - A long standing commitment

The IndoDairy Smallholder Household Survey From Farm-to-Fact

a p a a a a a a a a a a a a a a a a a a a a a a a a NOVA SCOTIA MUNICIPAL FINANCE CORPORATION Financial Statements of

News Release Half-year Results 20 February Review of results and operations. Excluding significant items a

Morgan Stanley European financials conference. Stefan Lippe CEO

Underwriting. Swiss Re's approach to underwriting... Matthias Weber, Group Chief Underwriting Officer Investors' Day, London, 17 April 2012

Innovative approaches to agriculture insurance in South East Asia and Africa

Country Operations Business Plan. 11 Small Pacific Island Countries September 2017

Third Quarter 2018 Results and Outlook October 25, 2018 FOCUSED ON WORLD CLASS PERFORMANCE

5th Floor, Lodha Excelus, Apollo Mills Compound N. M. Joshi Marg, Mahalaxmi. India

The 2006 Survey on Monitoring the Paris Declaration was undertaken in 34 countries

Year-End 2018 Results and Outlook January 31, 2019 FOCUSED ON WORLD CLASS PERFORMANCE

assurance Accounting, Reporting and Auditing Developments April 13, 2018 Assurance Tax Advisory dhgllp.com

OPEN BUDGET QUESTIONNAIRE

Second Quarter 2018 Results & Outlook July 26, 2018 FOCUSED ON WORLD CLASS PERFORMANCE

OPEN BUDGET QUESTIONNAIRE SOUTH AFRICA

Pillar 3 Quantitative Disclosure

DEBBIE COMIS, CHIEF ADMINISTRATIVE OFFICER VAUGHN FIGUEIRA, DIRECTOR OF ENGINEERING ASSET MANAGEMENT STRATEGY DEVELOPMENT

Investor Meetings November 28 December 1, 2016

Target clients are corporates with revenues exceeding USD 750m. Dedicated team, operating platform and legal entities

OPEN BUDGET QUESTIONNAIRE MACEDONIA

OPEN BUDGET QUESTIONNAIRE

Status. 21, July. Council. City Beach Redondo. Infrastructure. Report. Waterfront

Chapter 02: International Flow of Funds

Features. This document is part of the Terms and Conditions for Personal Bank Accounts Barolin St, PO Box 1063 Bundaberg Queensland 4670

myifxbrokers Quick Start Guide

OPEN BUDGET QUESTIONNAIRE

CBO PAPERS CONGRESSIONAL BUDGET OFFICE AN ANALYSIS OF THE PRESIDENT S FEBRUARY BUDGETARY PROPOSALS. March 1993

Financial sustainability of the waste treatment projects that follow PPP contracts in Greece: a formula for the calculation of the profit rate

Swiss Re's Corporate Responsibility Framework Nomura European Sustainable and Responsible Investment Conference. Paris, 15 March 2012

8990 HOLDINGS, INC. AND SUBSIDIARIES INDEX TO CONSOLIDATED FINANCIAL STATEMENTS AND SUPPLEMENTARY SCHEDULES

WIRTSCHAFTSfORUM. Mali

Sr. Particulars no. (Audited) (Audited) (Audited) (Audited) (Audited) (Audited) 1. Interest earned (a)+(b)+(c)+(d)

OPEN BUDGET QUESTIONNAIRE CZECH REPUBLIC

August Investor Meetings August 2018 FOCUSED ON WORLD CLASS PERFORMANCE

OPEN BUDGET QUESTIONNAIRE UKRAINE

News release. Media Relations, Zurich Telephone New York Telephone Singapore Telephone

Investor Meetings March 2019 FOCUSED ON WORLD CLASS PERFORMANCE

International Budget Partnership OPEN BUDGET QUESTIONNAIRE Slovenia, September 2009

Insurance trends in Asia. Clarence Wong, Chief Economist Asia Pacific 11 April 2011 Hong Kong

World Bank Environmental. and Social Policy for Investment Project Financing

China Airlines, Ltd. and Subsidiaries

CITY OF CHICAGO DEPARTMENT OF FINANCE APPLICATION FOR OFFER IN COMPROMISE OF A TAX DEBT BASED ON FINANCIAL HARDSHIP CITY OF CHICAGO

Swiss Re reports nine months 2017 loss of USD 468 million after large insurance claims from recent natural catastrophe events

ECONOMIC ANALYSIS. Government of West Bengal. Department of Planning, Statistics and Programme Monitoring. Data valid as of 1 September 2017.

Guide to Reading Your Morgan Stanley Statement

Highlights based on country reported GLAAS 2016/2017 data

September 30, 2017 (Q2-2018) March 31, 2017 (FY2017) (Audited) (Audited) (Audited) (Audited) (Audited) (Audited) 1. Interest earned (a)+(b)+(c)+(d)

Insuring Your Success. Bringing African Opportunities Closer

Information As Regulation: The Effect of Community Right to Know Laws on Toxic Emissions*

Business Fees and Charges

Pillar 3 Quantitative Disclosure Report

Distribution: Restricted EB 2005/86/R.24/Rev.1 13 December 2005 Original: English Agenda Item 9(c)(iii) English

BOUYGUES GROUP CONSOLIDATED FINANCIAL STATEMENTS

Fair Retrenchment Package

International Budget Partnership OPEN BUDGET QUESTIONNAIRE POLAND

June 30, 2017 (Q1-2018) March 31, 2017 (FY2017) (Audited) (Audited) (Audited) (Audited) (Audited) (Audited) 1. Interest earned (a)+(b)+(c)+(d)

Pillar 3 Quantitative Disclosure Report For the First Half of 2015

Defect Recording Analysis and Corrective Action System Sub Group (Title TBC) (DRACAS SG) Remit Issue 1 18 June 2013

SECOND DRAFT FOR CONSULTATION JULY WORLD BANK. Environmental and Social Framework

BOUYGUES GROUP CONSOLIDATED FINANCIAL STATEMENTS

PARTICIPATING PROVIDERS / REFERRED Deductible (per calendar year)

APPENDIX 5 FORMS RELATING TO LISTING FORM F GEM COMPANY INFORMATION SHEET

First Quarter 2010 results. Analyst and investor conference call Zurich, 06 May 2010

Evercore ISI Conference January 11 12, 2018 CMS MODEL: CONSISTENT PAST WITH A SUSTAINABLE FUTURE

European Treaty Series - No. 124 EUROPEAN CONVENTION ON THE RECOGNITION OF THE LEGAL PERSONALITY OF INTERNATIONAL NON-GOVERNMENTAL ORGANISATIONS

APPENDICES(U) LOGISTICS MANAGEMENT INST IETNESDA MD 9 MOOR ET AL. JAN 86 LMI-ML51352 MDS3-65-C-8139 UNCLSSIFIED F/O5/3 ML

Lloyds Banking Group plc Half-Year Pillar 3 Disclosures. 16 August 2017

COMPLETE COVER - `ADD ON' TO TRAVEL INSURANCE POLICIES CONFERENCE & EVENT ORGANISERS SCHEDULE

Transcription:

Morocco: Ourzzte Concentrted Solr Power Plnt Project 1

From Sfegurds to E&S Stndrds ESS STANDARD ESS1: Assessment nd Mngement of ESS Risks nd Impcts SAFEGUARDS POLICY ESS2: Lbor nd working conditions 4.01 ENVIRONMENTAL ASSESSMENT ESS3: Resource Efficiency nd Pollution Prevention 4.04 NATURAL HABITATS ESS4: Community Helth nd Sfety CATEGORY A [SUBSTANTIAL] RISK 4.36 FORESTS 4.09 PEST MANAGEMENT 4.11 PHYSICAL CULTURAL RESOURCES 4.37 SAFETY OF DAMS ESS5: Lnd Acquisition, Restrictions on Lnd Use nd Involuntry Resettlement ESS6: Biodiversity Conservtion nd Sustinble Mngement of Living Nturl Resources ESS7: Indigenous Peoples 7.50 PROJECTS ON INTERNATIONAL WATERWAYS ESS8: Culturl Heritge 7.60 PROJECTS IN DISPUTED AREAS 4.12 INVOLUNTARY RESETTLEMENT 4.10 INDIGENOUS PEOPLES ESS9: Finncil Intermediries ESS10: Informtion Disclosure nd Stkeholder Enggement 2

Second Integrted Snittion nd Sewerge Infrstructure Project Project fcts Objectives: The project development objective is to increse instlled cpcity nd electricity output, especilly during pek hours of the Noor-Ourzzte Solr Complex. Finncing (US$): 400 m Environmentl Ctegory: B Sfegurds Triggered: Environment Assessment (OP 4.01), Involuntry Resettlement (OP 4.12) Sfegurds Instruments: Environmentl nd Socil Assessment Frmework (ESIAF) for the Solr Complex; Environmentl nd Socil Assessment (ESIA) nd Resettlement Policy Frmework (RPF) for the Ourzzte-Tzerte trnsmission line; Approved: September 2014 Context The min components of the project re (i) construction of Noor II nd Noor III CSP Plnt by PPP between MASEN nd competitively-selected privte prtner nd ssocited fcilities; nd (ii) cost mitigtion mechnism designed to cover the difference between the pyments MASEN mkes to purchse power from the Noor Ourzzte Complex nd the revenue it receives from ONEE for the sle of this power nd ny subsidy injections from the government. The Project is expected to hve significntly lower environmentl impcts thn conventionl fuel power plnt nd help to reduce ir pollution. The potentil for dverse socio-economic impcts, including through lnd cquisition is expected to be limited. 3

ESS 1: Assessment nd Mngement of Environmentl nd Socil Risks nd Impcts Possible cost svings: -common pproch for Associted Fcilities nd/or joint finncing -possibility of relying on Borrower Frmework -risk clssifiction chnged nd evolves over time nd no need of forml restructuring ESS 1 introduces clerer definition of Associted Fcilities Under the proposed ES Frmework, the requirement of socil impct ssessment becomes more focused, nd includes specific reference to vulnerble groups nd some new issues (such s lbor). Cler requirement to pply EHSG: pplied under SESIAs in this project. The preprtion of the ESCP would entil minor effort s this is bsiclly procedurl spect, nd it specifies/refers to other instruments. Tht is, this is process of formlizing in different mnner elements/documents tht we lredy hve now. Requirement to incorporte requirements in tender documents with contrctors nd sub-contrctors: done under current Project Assessment of risks relted to primry suppliers: not expressly required under current Project The expected dditionl level of effort is moderte

ESS 2: Lbor nd Working Conditions This Policy hs not been pplied in the pst nd is expected to need efforts on the prt of the borrower to provide informtion to the bnk nd ssist with Bnk due diligence process. This ESS would pply in vrying degrees to direct workers, contrcted workers nd potentilly primry supply workers in this project. The principles of Occuptionl Helth nd sfety (OHS) re required to be pplied: were not expressly identified in the ESIAF. This stndrd includes recognition of the workers right to orgnize, right to equitble tretment, prohibition of forced lbor nd child lbor. Bseline informtion would be required to mke determintion of the pplicbility of the stndrd. A grievnce redress mechnism for ll project workers would be required to be estblished. The borrower would be responsible to set in plce procedures for monitoring of this ESS. The expected dditionl level of effort is moderte to substntil.

ESS3: Resource Efficiency nd Pollution Prevention nd Mngement Efforts required to pply resource efficiency mesures if project is significnt user of energy, wter or rw mterils: lredy pplied in this project (dry cooling; limited wter use) Obligtion to minimize relese of pollutnts in ccordnce with ntionl lw nd EHSG More detiled requirements regrding mngement of hzrdous nd non-hzrdous wste in ESS nd in EHSG. [check [More specific requirement regrding mnge of project wste nd hthe expected dditionl level of effort is moderte mterils

ESS 4: Community Helth nd Sfety ESS 4 requires voidnce of risks nd impcts on helth, sfety nd security of project ffected communities Estblishes requirements of structurl design sfety in ccordnce with EHSG nd GIIP, tking into ccount climte chnge considertions nd risks to the public; independent expertise required for projects in high risk loctions Requirement to identify, evlute nd monitor potentil rod nd trffic sfety risks: incrementl effort needed. Requirement to identify in EA project risks nd impcts on ecosystem services: not likely to pply under this Project. Requirements regrding mngement nd sfety of hzrdous mterils, communities exposure to wter borne, wter bsed, communicble & noncommunicble disese tht could result from project ctivities or ssocited with presence of project lbor: incrementl effort needed Requirements regrding emergency prepredness nd preprtion of Risk Hzrd Assessment (RHA) nd Emergency Response Pln (ERP) for project with the potentil to generte emergency events The expected dditionl level of effort is low to moderte.

ESS 5: Lnd Acquisition, Restrictions on Lnd Use nd Involuntry Resettlement There is no significnt chnge in this stndrd from the current policy (Opertionl Policy 4.12). The project meets ll the requirements of the stndrd in terms of work lredy completed under the current policy, such s holding of consulttion with stkeholders, preprtion of resettlement frmework, provision of grievnce redress mechnism, disclosure of informtion etc. Clerer criteri on voluntry lnd cquisitions, commercil trnsctions nd provisions regrding lnd purchsed by Gvt in nticiption of the Project, nd prohibition on forced evictions. Consulttions would require more specific effort to ensure involvement of vulnerble groups The expected dditionl level of effort is none to low.

ESS 6: Biodiversity Conservtion nd Sustinble Mngement of Living Nturl Resources The project is not finncing ny ctivities tht would cuse impcts on nturl hbitt or forests New: need to consider impcts on ecosystem services nd living nturl resources s relted to ffected communities : most likely not relevnt for this Project. No dditionl effort is required for this ESS.

ESS 7: Indigenous Peoples ESS 8: Culturl Heritge ESS 9: Finncil Intermediries ESS7 OP 4.10 not triggered for Project No dditionl effort is required for this ESS. ESS8 There is no culturl property identified in the project re. Chnce find cluse lredy included in bidding documents New requirement on intngible CH No dditionl effort is required for this ESS. ESS9 There re no FIs in the project nd hence no incrementl efforts would be required. No dditionl effort is required for this ESS. 10

ESS 10: Stkeholder Enggement nd Informtion Disclosure Under the new ESS 10, stkeholder enggement for the E&S impcts nd their mitigtion would be more systemtic nd n on-going ctivity over the life of the project. Some effort would be required to prepre Stkeholder Enggement Pln (SEP) where currently, stkeholder consulttion is covered in the E&S ssessment nd the mitigtion plns. ESIAF plnned for grievnce redress mechnism to respond to complints. Some minor effort my be required to disclose informtion bout the sttus of resolution of ll grievnces. The expected dditionl level of effort is moderte.

THANK YOU More informtion vilble t: http://consulttions.worldbnk.org/consulttion/r eview-nd-updte-world-bnk-sfegurdpolicies