The International Finance Corporation(IFC), the private sector arm of the World Bank Group, has announced the launch of the Myanmar Hydropower Developers’ Association (MHDA). It is an innovative platform for hydropower companies and professionals with the objective to promote sustainable development in the sector. The association was founded in 2016 as a working group led by IFC with support from the Australian government. The article says, the independent association is registered in Myanmar, representing the private sector on the policies, regulatory frameworks and development. The target members are potential and existing local and foreign hydropower players. Those include developers, operators, engineering-procurement-construction (EPC) contractors, vendors and industry professionals in Myanmar. “Hydropower has significant potential to help develop Myanmar, but we need to strike a balance between meeting the country’s energy needs and protecting its environment and communities. To support that, we aim to promote health and safety standards, sustainable regulation, and strengthen compliance,” said Aung Zaw Naing, Chair of MHDA’s Executive Committee.