Briefing on Nenskra hydropower plant for the European Investment Bank
Briefing | 25 February 2016
The European Investment Bank (EIB) is in the early stage of assessing a loan for the 280 megawatt Nenskra hydropower plant, located on the Nenskra and Nakra rivers in the Caucasus mountain valleys inhabited by ethnic Svans. The poor quality assessment of the project, together with the neglect of the opinion of locals, threatens to aggravate the fading public acceptance of hydropower. With this project, the EIB and other potential international financiers have a chance to insist on changes to the imprudent course hydropower developments have taken in Georgia and to request tighter environmental and social regulations.
For a quick overview, see also a power point presentation on the Nenskra project.
Theme: Energy & climate | Social & economic impacts
Project: Hydropower development in Georgia | Nenskra hydropower plant, Georgia
Never miss an update
We expose the risks of international public finance and bring critical updates from the ground. We believe that the billions of public money should work for people and the environment.