Lack of Other statistical data necessary to Project In case of data gaps the I = 4 make SAARES, 2 Developer project will commission assessments UNDP P = 3 additional researches to and prepare obtain missing information and outlines There is a risk Operational Project that relevant Developer Upon request from legal SAARES, UNDP is to framework provide technical support related to I = 4 for the development of the issuing of SAARES, 3 legal framework for issuing special UNDP the special permits. The P = 3 permissions to issue is also under the investors in consideration of the sustainable country’s leadership energy projects is not in place There is a risk Financial Project The project will establish a of financial Developer system of close and regular deficit due to financial monitoring of I = 4 the exchange 4 project expenditure; if SAARES, rate P = 3 necessary, the project UNDP fluctuations activities will be adjusted between Euro accordingly and US dollars Environmental The selected project site Project Environmental will be carefully examined, Developer impact of the necessary analysis will be I=3 SAARES, 5 small conducted with the P=2 UNDP hydropower participation of the Ministry construction of Ecology and Natural Resources Project monitoring will be performed through three primary mechanisms: Achievement of project outputs will be tracked through 1. Project Work Plan and Project Progress Reports. adherence to the output, activity and financial indicators embedded in the Annual Work Plan. Project Progress Reports will be prepared to capture the progress or lack thereof, or any deviation from the original project plan A designated UNDP Programme 2. Project Assurance through the validation of activities and outputs. Advisor will independently verify project milestone and validate the completion of and review requested changes to the Annual Work Plan. Changes to the project Annual Work Plan will be reviewed and approved by the Project Executive Group. In the result of monitoring a final report will be prepared and presented for discussion. In accordance with the UNDP’s Results Based Management 3. Monitoring and Communications Plan. approach, the project will establish, maintain and update a Monitoring and Communication Plan as well as Risk, Issues and Lessons Learned logs. These logs will be established concurrently with the preparation of
2 Lack of statistical data necessary to make assessments and prepare and outlines Other I = 4 P = 3 In case of data gaps the project will commission additional researches to obtain missing information SAARES, UNDP Project Developer 3 There is a risk that relevant legal framework related to issuing of special permissions to the investors in sustainable energy projects is not in place Operational I = 4 P = 3 Upon request from SAARES, UNDP is to provide technical support for the development of the legal framework for issuing the special permits. The issue is also under consideration of the country’s leadership SAARES, UNDP Project Developer 4 There is a risk of financial deficit due to the exchange rate fluctuations between Euro and US dollars Financial I = 4 P = 3 The project will establish a system of close and regular financial monitoring of project expenditure; if necessary, the project activities will be adjusted accordingly SAARES, UNDP Project Developer 5 Environmental impact of the small hydropower construction Environmental I=3 P=2 The selected project site will be carefully examined, necessary analysis will be conducted with the participation of the Ministry of Ecology and Natural Resources SAARES, UNDP Project Developer Project monitoring will be performed through three primary mechanisms: 1. Project Work Plan and Project Progress Reports. Achievement of project outputs will be tracked through adherence to the output, activity and financial indicators embedded in the Annual Work Plan. Project Progress Reports will be prepared to capture the progress or lack thereof, or any deviation from the original project plan 2. Project Assurance through the validation of activities and outputs. A designated UNDP Programme Advisor will independently verify project milestone and validate the completion of and review requested changes to the Annual Work Plan. Changes to the project Annual Work Plan will be reviewed and approved by the Project Executive Group. In the result of monitoring a final report will be prepared and presented for discussion. 3. Monitoring and Communications Plan. In accordance with the UNDP’s Results Based Management approach, the project will establish, maintain and update a Monitoring and Communication Plan as well as Risk, Issues and Lessons Learned logs. These logs will be established concurrently with the preparation of