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Home > News > Press releases > Press release search results

Press release search results


Guest post: A Balkan lesson for coal investors

28 January, 2014

When Dr. Kim, President of the World Bank, and leaders of other international financial institutions ponder funding new coal power projects this year – like the one in Kosovo – there’s one word that should be seared into their memories: Sostanj.

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Leaked document: Doubling of electricity tariffs in Ukraine, condition for EBRD nuclear safety loan

27 January, 2014

The project through which the life time of old Ukrainian nuclear reactors is being prolonged with EBRD financing would not be economically feasible without a doubling of electricity tariffs, shows a document leaked to EurActiv last week.

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UPDATED: Slovenia continues to fall into the economic abyss of the lignite plant at Sostanj

24 January, 2014

Ljubljana – The scandal-marred lignite plant TES 6 at Sostanj in Slovenia will likely cost 1.44 billion euros (2 billion US), more than double than what was initially predicted, and is due to produce annual losses of 50 million euros, show calculations recently revealed by Slovenian media. These cost escalations, predicted by NGOs critical of the project, should constitute a word of caution for other countries in South-Eastern Europe that are considering building new coal capacities.

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Trains, planes and citizens’ mobility – Axeing of Polish airport plan brings calls for improved train connections via EU funds

22 January, 2014

As countries around Europe strive in the first weeks of the year to conclude spending plans that will guide how they deploy billions of EU funds for the 2014-2020 budgetary period, last week saw a welcome move in Poland with the shelving of a controversial airport proposal that had been in line for EU support.

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EBRD set to backtrack on environmental and social safeguards

22 January, 2014

A draft released yesterday of the Environmental and Social Policy of the European Bank for Reconstruction and Development shows that, instead of strengthening the policy to provide for better implementation, the bank opens several loopholes which ensure that approval of financing is achievable for problematic projects.

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