A Partnership of unequals – Electricity exports from the eastern neighbourhood and western Balkans
June 7, 2012
Cooperation in the energy sector is one of the European Union’s key priorities in its relationships with neighbouring states. Although the promotion of energy efficiency, energy savings and the use of renewable energy sources should be the primary areas of cooperation along with “energy security”, the latter receives the lion’s share of attention and in several cases also a disproportionally large amount of financial support. This can have several negative environmental and social implications as this study shows.
Revealed: EBRD climate crimes rising
May 17, 2012
EBRD efforts to clean up its energy lending in central and eastern Europe are being undermined by extensive fossil fuel investments, with astonishing increases in the EBRD’s backing for coal and oil projects in 2011.
Environmental standards in hydro power projects in Georgia
May 9, 2012
In recent years Georgia’s government has sought to position the country as a future regional renewable energy hub. Governmental plans include the construction of transmission lines and numerous hydropower plants (HPPs), in order to ensure electricity exports to Turkey and subsequently to gain access to the south-east European market by 2015-2017. The number and technical design of the planned HPPs do not comply with the principles of sustainable development, and they are bound to have serious negative impacts on the environment.
Corporate largesse meets scepticism at World Water Forum
March 21, 2012
Criticism and protests around the World Water Forum have highlighted the risk of hydropower projects being greenwashed and the dangers these installations can pose to people and nature in many countries.
Khudoni hydropower plant – a risky deal
November 21, 2011
The proposed Khudoni hydro power plant poses the risk of an ecological disaster in one of the most amazing highland regions of Georgia. Additionally, the economic justification of the project is doubtful because the contract with the completely unknown, offshore Virgin Islands registered Georgian-Indian Company Transelectrica Ltd, is based on the BOO (Build-Own-Operate) principle that does not promise any significant income for the Georgian budget.
Hydropower vs. nature in southeast Europe: EBRD complicity in environmental crime?
October 31, 2011
Why is it that when we advocate for something to the international financial institutions (IFIs) they often manage to give it a peculiar twist of their own?
IFC Funding for Paravani HPP
June 23, 2011
European Bank for Reconstruction and Development (EBRD) and International Finance Corporation (IFC) will provide USD 115.5 million credit to finance construction of 87 MW Paravani hydro power plant in the south-west of Georgia.
Bringing Georgian realities to the EBRD drawing board
May 30, 2011
David Chipashvili from Bankwatch member group Green Alternative in Georgia talks about the opportunities and threats in bringing concerns from the ground to the attention of the European Bank for Reconstruction and Development.
Paravani Hydro Power Plant, Georgia
May 15, 2011
The Turkish company Georgian Urban Energy (GUE) has requested a USD 44 million EBRD loan for the Paravani HPP, an 87 MW plant using a 14 km derivation tunnel in order to divert water from the Paravani river to the Mtkvari river. Bankwatch member group Green Alternative has deep concerns regarding the project’s potential negative impacts as well as its overall justification.
Economic liberalisation trumps democratisation in EU Neighborhood Policy, says Bankwatch
March 2, 2011
The strategic review of the European Neighbourhood Policy initiated by the European Commission last year should ensure that funds disbursed through the ENPI mechanism truly promote the development of democratic institutions, human rights and environmental sustainability in Partnership countries, says CEE Bankwatch Network.
