Updates on the European Bank for Reconstruction and Development

NECU and Bankwatch statement on the incident at Zaporizhye nuclear plant in Ukraine

Statement on an incident at the Zaporizhye nuclear power plant in Ukraine, where a power transformer dysfunction occurred on November 28th.

Sostanj lignite plant: A mistake not to be repeated

Ljubljana — A new briefing by Slovenian NGO Focus shows how misguided assessments of future viability and corruption led to TES6 lignite unit costing more than double the estimated amount, bringing annual losses of tens of millions of euros, and creating only a fraction of the number of jobs promised.

EIB and EBRD transparency nosedive needs fixing – and fast

Operational transparency standards at the European Investment Bank and the European Bank for Reconstruction and Development continue to deteriorate, according to the 2014 Aid Transparency Index (ATI) published in October by aid watchdog Publish What You Fund (PWYF).

EBRD-EIB role in Slovak private equity gas debacle questioned

The European Bank for Reconstruction and Development (EBRD) has revealed, in a letter of late October to Bankwatch’s Slovak member group Friends of the Earth-CEPA, that the EnerCap Power Fund, a private equity investor, has pulled out of the controversial COGEN gas power plant being developed in the northern Slovakian town of Považský Chlmec.

Another chip off the EBRD block – Kronospan expansion in Belarus

In October this year, the European Bank for Reconstruction and Development (EBRD) approved an up to EUR 50 million loan to a Belarusian subsidiary of the Austrian company Kronospan for the expansion of a particleboard facility at Smorgon in the Grodno region of Belarus. Belarus will provide a guaranteed return on investment for both Kronospan and the EBRD. With the country’s rich wood resources, generous state tax incentives, weak legal environment, toothless trade unions, cheap labour and a generally stifled civil society, the EBRD and its client are not likely to run into the same environmental and legal difficulties experienced by Kronospan in other eastern European countries.

Letter to EBRD: National ROads Programme in Macedonia

The Great Rush – The European Union’s responsibility in natural resources grabbing

Land, forests, water and raw materials are valuable resources that increasingly interest the major players of the economy of our planet. This report collects 16 case studies from around the world in order to better understand the impacts of natural resource grabbing on the local communities, clarify the responsibilities of the European Union and, in conclusion, examine actions to be undertaken to invert this phenomenon.

Two great new websites on all things coal

As anti-coal movements are gaining momentum around the world, two new websites offer a slew of information about the dirtiest of fossil fuels and the campaigns against it. They also offer a stark reminder that despite progress in the last years coal is far from dead.

Zagreb Mayor arrested – and not before time

Something quite amazing happened yesterday evening in Zagreb. The Croatian police and the State Prosecutor announced that several people had been arrested on suspicion of a number of criminal corruption offences, abuse of office and peddling influence. Among the arrested were Zagreb Mayor Milan Bandic, Head of Zagreb Holding municipal company Slobodan Ljubicic, the head of the ZET public transport company Ivan Tolic, head and part-owner of the CIOS metal recycling company Petar Pripuza and around 15 more un-named people.

The Boskov Most hydropower plant, Macedonia

The Boskov Most hydropower plant includes an accumulation dam 33 metres in height and a power plant with a total capacity of 68MW, Around 80 per cent of the project falls within the territory of the Mavrovo national park, the largest and richest national park in Macedonia. Three years after the signing of a loan agreement over EUR 65 million from the EBRD, little progress has been made with the project. This briefing details several reasons why the project should not receive support from the EBRD.