Successive 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.
EBRD confirms it will not finance New Kosovo coal plant
November 13, 2018 | Read more
Following the World Bank’s recent statement [1] that it will not provide support for the 500 MW New Kosovo coal power plant, the EBRD has now followed suit by confirming that it is not considering support for the project.
Carbon sleight of hand continues at Czech coal giant
November 12, 2018 | Read more
The quasi state-owned Czech energy company ČEZ is up to its old tricks again. It celebrates a 30 % reduction in emissions, praising the public free allowances, and conveniently forgets to link the drop in emissions with the sale of some of its largest power plants.
Romania’s energy transition: to be or not to be
November 1, 2018 | Read more
Facing numerous economic and environmental challenges, Romania’s energy industry needs a coherent, sustainable and stable action plan that prioritises transparency in decision-making and consultation of all involved. On 17 October, to identify the necessary measures, Bankwatch Romania organised a workshop titled Opportunities for transition to clean energy in Romania.
Controversial dam project in Georgia abandoned by constructor
October 30, 2018 | Read more
Already 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.
Bursting bubbles: greens and geeks of the world, unite!
October 26, 2018 | Read more
In the age of fake news, providing fact-based arguments in environmental campaigns is crucial. Bankwatch has reached out to the technology-savvy community, to bring more robustness to the narrative.
