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Energoatom director confirms EBRD money will support nuclear lifespan expansion

22 July, 2011

The “Ukrainian NPP Safety Upgrade Package Program” currently under consideration for financing by the EBRD, will enable the lifespan expansion of old Soviet-time nuclear reactors, confirmed Gennady Sazonov, project and investment director of the production company Atomproektinzhynirynh, speaking during the first public consultations on the draft ecological assessment of the programme that was held in Kiev early this week.

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EBRD should not condone illegal resettlements and corruption by investing in Kolubara

21 July, 2011

Belgrade – Next week, the EBRD is deciding whether to invest 80 million Euros in the Kolubara „environmental improvement” project in Serbia. With the help of this money, state-owned Elektroprivreda Srbija (EPS) will expand lignite production in Serbia at the cost of forcefully resettling local communities. CEKOR and CEE Bankwatch Network urge the EBRD to rethink this investment.

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From the outside looking in on EU money for Balkan accession

14 July, 2011

Macedonian Bankwatcher Ana Colovic-Lesoska is disappointed by how few opportunities for real public participation were provided during the European Union’s (EU) consultation on the Instrument for Pre-Accession Assistance (IPA), the main EU financial tool to help countries in their efforts to join the Community.

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18 000 ask Slovenia to adopt clean energy. EBRD and EIB, take a hint.

5 July, 2011

18 000 people from around the world have asked the Slovene government to adopt a future proof National Energy Plan that doesn’t rely on fossil fuels or nuclear energy. Bankwatch research coordinator Pippa Gallop took part in handing over the list of signatories yesterday and points out that European public banks also need to take the message seriously.

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EBRD: Don’t open pandora’s box with lignite open cast mine in Serbia

4 July, 2011

Before making any decisions on the planned EUR 80 million loan for the Kolubara lignite mine project in Serbia, the European Bank for Reconstruction and Development’s Board of Directors should take note of the controversy the bank will get involved in. Not only are the climate impacts of lignite well known, but the project is also indirectly connected to the resettlement of nearby residents.

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