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Energy lending in south-eastern Europe

South-eastern Europe is riddled with poor planning and corruption in the energy sector and its governments are proving slow to react to the challenges and opportunities offered by the decarbonisation agenda.


Above: planned coal power plants in south-eastern Europe

This should be an opportunity for international lenders like the EBRD, the EIB and the World Bank to promote energy efficiency and sustainable renewables to shift the region's energy sectors towards lower carbon emissions.

So far, however, it is only happening in a few positive exceptions as our study and the projects that we monitor show.

Infographic
The damaging Projects of Energy Community Interest (click to see full size)

Note: This infographic is out of date. It contains projects that were not accepted as priority projects. For comparison, see the final list of approved PECIs.

The European Energy Community


The European Energy Community was established between the EU and a number of third countries in order to extend the EU internal energy market to south-eastern Europe and beyond. (Members include the EU, Albania, Bosnia and Herzegovina, Croatia, Macedonia, Montenegro, Serbia, Moldova, Kosovo, plus Ukraine.)

The Community's priority projects, however, are set to include several environmentally damaging coal and hydropower projects that will be fast-tracked for financing over the next years.

Read more:
Dirty power plants in Europe's Neighbourhood set to become EU priority
Press release | October 22, 2013

Western Balkans and Ukraine: EC-backed Energy Community to prioritise coal plants that threaten EU long-term climate targets (pdf)
Briefing | October 22, 2013

 

 

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Blog entry | March 11, 2008

The Civic Alliance for the Protection of the Vlora Bay, a local Albanian initiative group, continued on Sunday to press for a referendum on an oil deposit and a thermo-power plant being constructed north of the town of Vlora on Albania's Adriatic coast.

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Blog entry | January 22, 2008

Close to 3000 residents of Vlora, an Albanian city on the Adriatic coast, greeted the visit of representatives of the World Banks Inspection Panel with a clear plea - end World Bank credits for the EUR 110m thermal power plant that is part of a huge energy park development threatening the sensitive Vlora bay.

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Blog entry | December 31, 2007

The Civic Alliance for Protection of the Vlora Bay together with the Vlora Student Movement is now in the eighth day of protesting against construction of the Vlora thermo-power plant and a hydrocarbons terminal on a beach on the outskirts of the Albanian city located on the Adriatic coast. On December 25 a group of 30 people blocked the access road to the construction sites thus preventing further progress on both sites. Four days later, 10 protesters were arrested, including Eneid Hamzaj, the leader of the Vlora Student Movement.

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Press release | October 12, 2007

Vlora, Albania – The city council of Vlora in Albania this week approved a citizens’ initiative to hold a public referendum on the development in the picturesque Bay of Vlora of a 200,000 ton oil and gas terminal that is being promoted by the Italian La Petrolífera Italo Rumena company. If constructed, the terminal would become another component of a controversial industrial and energy park located less than six kilometres north of Vlora, a city of more than 150,000 inhabitants.

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Balkans
Blog entry | October 2, 2007

Bankwatch staff members have just returned from an invigorating and productive meeting with environmental and human rights groups from 14 countries aimed at developing responses to the rash of oil pipeline projects being proposed in South East Europe to bring Russian and Caspian oil to Europe and the US.

EBRD
EIB
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