Amulsar gold mine, Armenia
August 16, 2019
Since 2016 the controversial Amulsar gold mine project is being developed by Armenia’s largest foreign investor, an international mining company Lydian, near the touristic spa town of Jermuk.
Ahead of Asia Infrastructure Investment Bank meeting in Luxembourg, over 89 000 petition bank to drop Nenskra dam project in Georgia
July 12, 2019
Luxembourg, Prague, Tbilisi – Representatives from the “Stop Nenskra” campaign  showed up in Luxembourg at the Asia Infrastructure Investment Bank (AIIB) annual meeting on July 12th and delivered a petition to the international development banks calling them on not to finance the Nenskra hydropower plant project  in Svaneti, Georgia.
In Georgia, leaked contract shows Nenskra hydropower project to cost country USD 60 million a year
June 10, 2019
For immediate release. Prague, Tbilisi – A leaked contract between the Georgian government and the company behind the Nenskra hydropower project includes terms that indicate the project will incur massive losses for the state, according to a report broadcast on 8 June by the national television station Rustavi 2 .
Nenskra hydropower project: May 2019 update
May 14, 2019
Given the complexity of the Nenskra project and its immense impact on indigenous Svan communities and the country’s fiscal stability, the EBRD should take responsibility and not provide financial support until the project is properly assessed. Read mor
Indigenous communities in Georgia threatened by a major hydropower project financed with European public money
May 10, 2019
There are many reasons why the Nenskra hydropower plant in Georgia should not be built at all. The project is set to have devastating environmental and social impacts, and its economics are particularly shoddy.
Five reasons why EBRD should pull out of the controversial Nenskra hydropower project
May 8, 2019
As the realisation of the project keeps dragging on, it is becoming increasingly difficult for the EBRD, and all international financial institutions involved, to justify their engagement.
Goldman winner to development banks: drop billion dollar Nenskra dam in Georgia
April 29, 2019
The 2019 winner of the Goldman Environmental Prize from Europe Ana Colovic Lesoska has today called on development banks – the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the Asian Development Bank and (ADB) the Asia Infrastructure Investment Bank (AIIB) – to drop their funding for the Nenskra hydropower project planned in Georgia’s Caucasus mountains.
Stop billion dollar Nenskra dam in Georgia
April 29, 2019
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The EBRD Country Strategy for Azerbaijan
February 26, 2019
As the EBRD reviews its Country Strategy for Azerbaijan, Civil society organisations approached the Board of Directors to share their concerns about the situation in the country and asked the Bank to be clear that funding should be linked to the perfor
The EU’s bank downplayed climate risk in granting record loans to Europe’s largest fossil fuel project
February 7, 2019
Brussels – In a complaint lodged today with the European Investment Bank (EIB), civil society groups protest that the bank systematically underestimated the climate footprint of a fossil fuel mega project, the Southern Gas Corridor, which helped justify providing it with major financial support using EU public money.