• Skip to primary navigation
  • Skip to main content
  • Skip to footer

Bankwatch

  • About us
    • Our vision
    • Who we are
    • 30 years of Bankwatch
    • Donors & finances
    • Get involved
  • What we do
    • Campaign areas
      • Beyond fossil fuels
      • Rights, democracy and development
      • Finance and biodiversity
      • Funding the energy transformation
      • Cities for People
    • Institutions we monitor
      • European Bank for Reconstruction and Development
      • European Investment Bank
      • Asian Infrastructure Investment Bank
      • Asian Development Bank (ADB)
      • EU funds
    • Our projects
    • Success stories
  • Publications
  • News
    • Blog posts
    • Press releases
    • Stories
    • Podcast
    • Us in the media
    • Videos
Home > Bankwatch in the media > Croatia’s Ombla HPP project comes under scrutiny after NGO complaint – EBRD

Croatia’s Ombla HPP project comes under scrutiny after NGO complaint – EBRD

1 August 2012, HydroWorld

ZAGREB (Croatia), August 1 (SeeNews) – The European Bank for Reconstruction and Development said on Wednesday certain aspects of Croatia’s Ombla hydro power plant project, which EBRD is set to co-fund, are under scrutiny following a complaint from a non-governmental organisation.

Several weeks ago, the EBRD received a complaint from Friends of the Earth under the bank’s independent Project Complaint Mechanism (PCM) and related to certain aspects of the Ombla project. Independent PCM experts are currently assessing these aspects, EBRD head of media relations Anthony Williams told SeeNews in an emailed statement.

Croatian state-owned utility group HEP, which is EBRD’s borrower for the investment in the Ombla power plant project, continues its project implementation work, including finalising the biodiversity study for the planned investment in compliance with the EU Habitat Directive and with the support of outside consultants, the statement read.

“As communicated earlier, the EBRD will not disburse funds under its loan agreement signed with HEP in late 2011 until the above assessment as well as related mitigation and compensation plans are in place.”

In November, the EBRD said HEP is getting a syndicated loan of up to 123.2 million euro ($152 million) to finance the construction of the 68 megawatt Ombla hydro power plant.

Theme: Other harmful projects

Location: Croatia

Project: Ombla hydropower plant, Croatia

Tags: biodiversity | hydropower

Footer

CEE Bankwatch Network gratefully acknowledges EU funding support.

The content of this website is the sole responsibility of CEE Bankwatch Network and can under no circumstances be regarded as reflecting the position of the European Union.

Unless otherwise noted, the content on this website is licensed under a Creative Commons BY-SA 4.0 License

Your personal data collected on the website is governed by the present Privacy Policy.

Get in touch with us

  • Bluesky
  • Email
  • Facebook
  • Instagram
  • LinkedIn
  • RSS
  • YouTube