EBRD money and nuclear safety in Ukraine: Being a lender does not guarantee leverage
May 12, 2015
The EBRD has denied its role in enabling Ukraine’s ageing units to operate beyond their design lifetime. It has also claimed that through the loan it has important leverage over its client Energoatom to help ensure a proper level of nuclear safety and the compliance with Ukraine’s international commitments in the nuclear energy sector. However, developments in January-May 2015 show the EBRD has been over-optimistic about the role and leverage it has gotten by granting the loan for the safety upgrade project.
Winstar oil and gas fields in southern Tunisia
May 12, 2015
In 2013 Winstar Tunisia, a subsidiary of Serinus Energy, obtained a USD 60 million loan from the EBRD to develop four oil and gas fields in southern Tunisia. In March 2015, Bankwatch met with local authorities, civil society representatives and labour unions in the two southern provinces and identified a number of problematic aspects, most notably the lack of transparency and communication from the side of the company with local stakeholders.
Boskov Most hydropower plant project
May 6, 2015
Following earlier publications about the Boskov Most project’s irreversible impact on nature, this paper provides an overview of the most recent developments concerning the planned HPPs in the Mavrovo national park.
Hydropower in Georgia
May 6, 2015
Since 2011 the European Bank for Reconstruction and Development has provided USD 210.5 million to three greenfield hydropower projects (HPP) in Georgia – Paravani, Dariali and Shuakhevi. Instead of bringing improvements on the ground and environmental standards that are on par with best international practice, the EBRD has, by funding these projects, simply justified the wrongdoings that were from the beginning apparent: the degradation of river ecosystems, corruption and threats to people.
Thursday’s decision to suspend operation of a Soviet-era nuclear unit in Ukraine should lead to its retirement
May 4, 2015
Prague, Kiev – CEE Bankwatch Network and the National Ecological Centre of Ukraine (NECU) welcome the Ukrainian State Nuclear Regulatory Inspectorate Council’s decision at its meeting last Thursday (April 30) to suspend the operation of unit 2 in the South Ukraine nuclear power plant once it exceeds its design lifetime next week. According to the Council’s decision, a lifetime extension license for this 30 year old nuclear unit could be considered in the future, but only if all required conditions are met.
Ukraine’s Other Chernobyls
April 30, 2015
For safety reasons, Europe must help the Ukrainian government retire, not revive, its nuclear reactors. (This commentary originally appeared on Project Syndicate.)
Infographic: If energy security is the question … the Euro-Caspian Mega Pipeline is not the answer
April 29, 2015
Europe talks of diversifying energy supplies from Russia by building a set of pipelines from the shores of Azerbaijan’s Caspian Sea to Italy. But the EU’s dependency on Azerbaijan for fossil energy fuels repression and feeds the authoritarian Aliyev regime. All the while, Europe does not need all that gas.
Khudoni hydropower plant, Georgia
April 28, 2015
While a mountain community will have to be forced to resettle for this mega-project, the opaque ownership and weak taxation mean that benefits for Georgia are highly doubtful.
Discovering Ukraine’s Nuclear Shadows
April 27, 2015
– UPDATING STORY – A Bankwatch fact-finding mission is currently in Ukraine to explore the state of nuclear energy in the country, particularly in light of intentions to extend the lifetime of 12 Soviet-era nuclear units.
Analysis of Ukraine’s draft national emissions reduction plan
April 26, 2015
The assessment below covers the hard coal fired Large Combustion Plants exceeding 300MWth included in the draft national emissions reduction plan submitted by Ukraine at the 36th Permanent High Level Group meeting of the Energy Community in Vienna.
