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By Hugo Melo

Asia: Caculo Cabaça Hydropower

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In June 2016, SRK was appointed to conduct pre-financial close due diligence and a series of regular independent compliance reviews, and thereafter every six months to assess project performance against Equator Principles (EPs) during the construction phases. This is the first major EPs compliance project in Chinese history, with challenges including establishment of the EPs concept for upper management, preparation of environmental and social management systems, and implementation of environmental and social measures and fulfillment of community development. After the most recent audit in July 2019, the project is back on track in compliance with EPs.