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.
Read moreLeaked 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.
Read moreUPDATED: 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.
Read moreTrains, 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.
Read moreEBRD 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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