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Caucasus

Southern Gas Corridor update: Russian involvement increasingly evident

While new public finance for the Southern Gas Corridor is lining up, the European Commission's narrative that the pipeline would relieve Europe’s dependence on Russian gas continues to crumble.


Women and hydropower: exacerbating vulnerability without resettlement

The disproportionate impacts that the Nenskra hydropower project in Georgia will have on women are not being assessed by the project company, in spite of its financiers’ standards.


Powerline to nowhere: Georgian villages take stand against badly routed transmission lines

Mountain villages in the country’s northeast protest for changes to the routing of high voltage lines in a series of local protests.


If the EBRD stands for democracy it should not support TAP - Italian community addresses bank's directors

At a meeting with the directors of the European Bank for Reconstruction and Development, Bankwatch campaigners read a statement from Italian communities opposing the Trans-Adriatic Pipeline, the last leg of the Southern Gas Corridor, a 3500km pipeline intended to bring gas from Azerbaijan to Europe.

We reproduce the powerful statement here.


Why the EBRD should not finance the Southern Gas Corridor

While the EBRD is currently considering loans for the Trans Adriatic Pipeline (TAP) and TANAP, both part of the Southern Gas Corridor, the bank should asses the reputational and financial risks of involvement in the project.

Nenskra hydropower plant project, Georgia

The European Bank for Reconstruction and Development (EBRD) is in the process of assessing a loan for the 280 megawatt Nenskra hydropower plant in Georgia. In March supplementary environmental and social impact assessments (ESIA) were released in order to bring the project in line with the standards of the prospective international financiers. Yet the new ESIA is ‘too little, too late’ for a project that is underlined by no strategic

Who really benefits from Georgia's Nenskra hydropower plant?

Today the Asian Development Bank started its annual meeting and one of the projects that we will be discussing with the bank’s management and Board of Directors is a loan for the 280 megawatt Nenskra hydropower plant in the Svaneti region of Georgia. The ADB is planning to provide a loan of USD 176.70 million and a Political Risk Guarantee over USD 100.00 million for Nenskra, with a total cost of the project of USD 930 million.


River defenders gather forces in Georgia

This week, activists from across the world are meeting in Tbilisi to share their experiences of resisting hydropower projects and the money that supports them.


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