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Home > European Bank for Reconstruction and Development (EBRD) > Updates on the European Bank for Reconstruction and Development

Updates on the European Bank for Reconstruction and Development

Letters to companies shortlisted to bid for the Plomin coal power plant

Publication | 8 November, 2012

Four companies have been shortlisted and invited to submit binding bids for the construction of unit C at the Plomin coal power plant in Croatia. Croatian Bankwatch member group Zelena Akcija/Green Action sent letters to all four companies with information on the legal and economic challenges of the project and the local opposition against it.

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That’s what they call sustainable. The EBRD’s 10 billion for sustainable energy

Blog entry | 6 November, 2012

The European Bank for Reconstruction and Development boasts of having invested 10 billion euros in sustainable energy since 2006. A closer look reveals that although the bank’s efforts deserve recognition, several investments make a mockery of ‘sustainability’.

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Crunch time at Sostanj

Blog entry | 5 November, 2012

November is shaping up to be crunch time for a new 600 MW lignite plant planned to be built at Sostanj in Slovenia. If the Slovenian government doesn’t manage to offer a state guarantee for loans from European public banks that should cover half the construction costs by the end of this month, the project could fail. At Bankwatch, we’re preparing our popcorn for the latest Sostanj thriller, on show across Europe this month.

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Новая политика деятельности ЕБРР в горнодобывающем секторе: оценка содержания и консультационный процесс

Publication | 2 November, 2012

На прошлой неделе без особой огласки увидела свет долгожданная новая Политика деятельности ЕБРР в горнодобывающем секторе. Представители ЕБРР потратили более трех лет на подготовку этого документа, дающего нам надежду на то, что Банк усовершенствует свою деятельность в горнодобывающем секторе. К сожалению, наши надежды по большей части не оправдались.

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‘Comments noted’, business as usual continues. The marginal public influence on the EBRD’s new mining policy

Blog entry | 2 November, 2012

After long delays and more than 3 years of preparation the European Bank for Reconstruction and Development has finally completed and published a policy for its operations in the mining sector. Both the consultation process and the final outcome must leave “the consulted stakeholders” disappointed.

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The EBRD’s new Mining Operations Policy: A commentary on consultation process and content

Publication | 2 November, 2012

The long awaited EBRD Mining Operations Policy was released last week without much noise. It has taken the EBRD more than 3 years to prepare a document which had raised hopes it could improve the bank’s activities in the mining sector. Most of these hopes, however, have not been fulfilled.

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How Ukraine can survive without nuclear – renewable energy potentials reviewed

Blog entry | 22 October, 2012

A closer look at Ukraine’s energy strategy reveals fundamental flaws in the government’s plans to continue using old nuclear reactors and its rhetoric of nuclear being the only possible alternative.

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Covering the Balkans in Soot: The New European Energy Community Strategy Favours Fossil Fuel Reliance

Press release | 17 October, 2012

Brussels — Neighbouring countries of the EU from the Western Balkans to Ukraine are planning unsustainable energy futures relying on coal and nuclear. An energy strategy for the region to be approved Thursday by the European Energy Community indicates that such investments in dirty fuels could happen with EU support and financing.

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New Slovene legal requirements for Šoštanj lignite power plant (TEŠ 6) regarding CCS

Publication | 17 October, 2012

On September 8, 2012 new legislation entered into force in Slovenia that requires TEŠ to prepare an assessment of the CCS readiness for its new Unit 6. Pursuant to this legislation, proper assessment of the CCS readiness for the Unit 6 has not taken place yet. As a result, TEŠ has not met the legal requirements regarding the CCS assessment and therefore it is not possible to determine its CCS readiness under the Slovene law. Letter available as pdf: Letter to the European Investment Bank >>> Letter to the European Bank for Reconstruction and Development >>>

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Comments on draft European Energy Community Strategy – an unsustainable energy future

Publication | 15 October, 2012

Neighbouring countries of the EU from the Western Balkans to Ukraine are planning unsustainable energy futures relying on coal and nuclear. The energy strategy of the European Energy Community indicates continued reliance on coal and nuclear energy which could happen with EU support and financing.

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