January 6, 2016
In southeast Europe, there are 1,355 greenfield hydropower plants either being planned or having entered operation since 2005, according to a recently released report. Of these, 200 are in operation and 113 are under construction. The report indicates 823 projects are actively planned and another 171 are regarded as potential.
December 14, 2015
A wave of hydropower development fuelled by European public funding and EU companies is endangering pristine river environments in the Balkans.
New Bankwatch study: European “green energy” funding for hydropower threatens pristine Balkan rivers
December 11, 2015
Radolfzell, Vienna, Prague – A wave of hydropower development fuelled by European public funding and EU companies is endangering pristine river environments in the Balkans, finds a new study by CEE Bankwatch Network released today.
December 11, 2015
Southeast Europe is experiencing a wave of hydropower projects. In a region with a deadly combination of Europe’s last wild rivers, rampant corruption and inadequate nature protection, the potential for damage is immense. In order to address this issue, we need to know who is making it happen. This research aims – to the extent possible given the secrecy around the financial sector – to find out who are the main actors involved in financing hydropower projects in the region, both overall and inside of protected areas. Update January 2017 The EBRD has said that financing has been cancelled for four small hydropower plants in Macedonia: Zrnovska reka 1, Zrnovska reka 2, Estericka reka, Kadina reka. In addition, financing has been cancelled for the 68 MW Boskov Most plant in the Mavrovo National Park, also in Macedonia. Regarding the Ternove SHPP in Albania, the EBRD has said that it had conducted an on-site investigation into the concerns received in a letter from an affected citizen. The bank found nothing to substantiate the allegations. Bankwatch will continue to monitor the issue.
December 4, 2015
Strasbourg, Skopje, Prague – In the latest blow to planned hydropower dam in Macedonia’s Mavrovo National Park, the Standing Committee of the Bern Convention, the European wildlife treaty, added today its voice to growing calls to reconsider this reckless project. The spotlight is now on the European Bank for Reconstruction and Development (EBRD), the project’s main financier.
November 13, 2015
Civil society organisations today published a new report looking at the quality of 25 environmental impact assessments (EIA) and 2 strategic environmental assessments (SEA) done for hydropower projects in seven countries in the last five years and examines how the mistakes made in these cases could be avoided in the future.
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?