EBRD tightens standards in response to Balkan hydropower boom
16 May, 2019
As a result of public resistance to small-scale hydropower projects in the Balkans, from the beginning of 2020, the EBRD will ask commercial banks to refer all high-risk projects – including all hydropower plants – for additional checks. The EBRD also requires them to meet higher environmental standards than previously. The bank will ask that such projects are disclosed to the public on the financial intermediary’s website, finally increasing disclosure on these hitherto hidden projects.
Read moreLegal challenge mounted against Kosovo coal project’s “absurd” contract
13 May, 2019
Prishtina – Kosovar and international non-governmental organisations [1] have today submitted an official complaint to the Energy Community dispute settlement mechanism challenging the legality of the power purchase agreement for the planned Kosova e Re coal power project, which is currently awaiting ratification by the Kosovo parliament. [2]
Read moreIndigenous communities in Georgia threatened by a major hydropower project financed with European public money
10 May, 2019
There are many reasons why the Nenskra hydropower plant in Georgia should not be built at all. The project is set to have devastating environmental and social impacts, and its economics are particularly shoddy.
Read moreEuropean Development Bank Significantly Strengthens its Grievance Mechanism – Reformed Mechanism Now More Independent
9 May, 2019
(Amsterdam, Prague, Washington, D.C.) — Civil society organizations welcomed the new grievance mechanism policy for the London-based European Bank for Reconstruction and Development (EBRD).
Read moreFive reasons why EBRD should pull out of the controversial Nenskra hydropower project
8 May, 2019
As the realisation of the project keeps dragging on, it is becoming increasingly difficult for the EBRD, and all international financial institutions involved, to justify their engagement.
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