Why hydropower in southeast Europe is a risky investment
July 27, 2022
Hydropower, together with coal, has traditionally played a major role in the power systems of southeast Europe, with particularly high shares in Albania, Montenegro and Croatia. And today, southeast European governments, utilities and energy experts are keen to build even more hydropower.
Skavica Dam — the last thing Albania needs
July 22, 2022
Instead of increasing its energy security, Albania is pushing the construction of yet more hydropower, leading to thousands losing their land and the potential extinction of Europe’s rarest cat. Will the US International Development Finance Corporation really consider financing Skavica?
The real cost of hydropower plants in Central Asia and the Caucasus
July 12, 2022
International financial institutions’ support for hydropower in Central Asia and Caucasus is fuel for environmental damage and human rights violations.
Flagships or red flags? Risks of proposed flagship infrastructure projects under the Economic and Investment Plan for the Western Balkans
March 24, 2022
Under the European Commission’s October 2020 Economic and Investment Plan for the Western Balkans, the Instrument for Pre-Accession (IPA) is set to provide grants worth EUR 9 billion, with up to EUR 20 billion more in investments leveraged through the Western Balkans Guarantee Facility. Western Balkan governments have proposed projects for financing in ten Flagship areas for investment. The list of these proposed projects contains many which appear reasonable and much-needed, but many others are not in line with EU policy and/or legislation and must not be funded with EU money. This briefing provides an overview of selected projects that have been nominated by governments but which are not in line with EU policy and/or legislation.
The river Bosna – a neglected gem of Bosnia and Herzegovina
March 22, 2022
A new survey on fish and other aquatic animals confirms the river should be protected, not dammed.
Komarnica hydropower plant, Montenegro
March 9, 2022
Planned by Montenegro’s state-owned electricity utility EPCG, the need for the Komarnica hydropower plant has never been proven.
Update to the Bern Convention on the Complaint No. 2016/09 – Possible threat by hydropower to “Svaneti 1” Candidate Emerald Site
February 22, 2022
The Svaneti 1 Candidate Emerald site in Georgia is threatened by the decision of the Georgian government to reduce its size for construction of the 280 MW Nenskra Hydro Power Plant (HPP) project. This is an update by the complainants on the Complaint No. 2016/9 – Possible threat to “Svaneti 1” Candidate Emerald Site who request an on-the-spot appraisal mission by the Bern Convention to Georgia, in order to investigate the threats to rivers that were recorded by Bankwatch during its fact-finding mission in July 2021.
New complaint on hidden EIB hydropower financing in Serbia shows need for tighter standards
January 27, 2022
As the EIB prepares to adopt a new environmental and social policy next week, an NGO complaint to the Bank’s Complaint Mechanism shows why the Bank’s standards for financial intermediaries urgently need to be tightened.
Buk Bijela dam and the Upper Drina cascade
December 13, 2021
Planned as a joint project of public utilities owned by the Republika Srpska entity of Bosnia and Herzegovina and Serbia, Buk Bijela on the upper Drina is being pushed forward in violation of local legislation and international conventions.
Tashlyk pumped storage plant, Ukraine
December 7, 2021
The Tashlyk pumped storage plant is a massive hydropower project. Its operation extends to protected areas with peculiar microclimate features that are rich in biodiversity and endemic flora. These unique landscapes create a spectacular tourist attraction. The territory is also of great historical and archaeological significance. However, all of this would be flooded if the Tashlyk pumped storage plant expansion project is completed.
