Central Asia: environmental groups and scientists call on international financial institutions to preserve key freshwater bodies and stop supporting destructive hydropower projects
Press release | 14 March, 2025The future of Central Asia’s key rivers and lakes is at risk, warn international environmental groups Rivers without Boundaries, International Rivers, Friends of the Earth US, Urgewald and CEE Bankwatch Network in a formal request sent today to the World Bank, European Bank for Reconstruction and Development (EBRD), European Investment Bank (EIB), Asian Development Bank (ADB), Eurasian Development Bank (EDB), Islamic Development Bank (ISDB) and Asian Infrastructure Investment Bank (AIIB).
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A forward looking energy strategy at the Asian Infrastructure Investment Bank
Blog entry | 21 February, 2022With the Asian Infrastructure Investment Bank (AIIB) set to review its Energy Sector Strategy, a letter coordinated by the NGO Forum on ADB on behalf of more than 40 civil society groups asked for more information about the process and called for meaningful consultations.
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Ahead of Asia Infrastructure Investment Bank meeting in Luxembourg, over 89 000 petition bank to drop Nenskra dam project in Georgia
Press release | 12 July, 2019Luxembourg, Prague, Tbilisi – Representatives from the “Stop Nenskra” campaign [1] 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 [2] in Svaneti, Georgia.
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In Georgia, leaked contract shows Nenskra hydropower project to cost country USD 60 million a year
Press release | 10 June, 2019For 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 [1].
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Leaked World Bank report depicts Georgia’s Nenskra hydropower project as major liability
Blog entry | 14 November, 2018Successive international analyses have cast serious doubts over the financial viability of the planned Nenskra plant. While the Georgian government keeps the project’s contract confidential, a leaked World Bank report offers a scathing account of the fiscal implications of this hydropower development.
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Controversial dam project in Georgia abandoned by constructor
Blog entry | 30 October, 2018Already mired by controversy, the billion dollar Nenskra hydropower plant is now facing another major hurdle as the company contracted to realize the project is now leaving it.
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Devastating floods are the latest warning sign about controversial Nenskra hydropower project
Blog entry | 31 July, 2018From the outside, this tragedy might seem like a natural disaster, a force majeure. But one cannot ignore the human factors at play.
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Price tag of Georgia’s Nenskra dam goes through the roof
Blog entry | 4 December, 2017New information reveals the disproportionate price that Georgia’s government guarantees to pay for electricity from the Nenskra dam. The increasingly unfavourable economics strengthen calls to finally make the project’s contract publicly available.
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Déjà vu in biodiversity: public banks pitted against international wildlife convention
Blog entry | 15 November, 2017Europe’s wildlife guardian has sent a warning to Georgia over changes to a protected area in the Caucasus mountains. International lenders are interested in financing hydro developments in the region.
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Nenskra HPP: the concerns of worried locals fall on deaf ears of project developers
Blog entry | 12 October, 2017In an interview, a teacher from Chuberi in the Svaneti mountains gave us an impression of how the project developers of the planned Nenskra dam engage with locals.
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