Shuakhevi Compliance Review
Official document | 12 December 2018
In view of the considerable public resources invested in the Shuakhevi HPP project and in view of the negative impacts on local people’s safety and livelihoods, as well on local resources needed for sustainable development of the Adjara region and Georgia, the status and future of the Shuakhevi HPP project is not a trivial matter, but one of considerable public interest. In addition, the EBRD and other public lenders are continuing to develop risky hydropower projects in Georgia, so the way the Shuakhevi HPP project is handled is a test to the banks’ safeguards, while transparency is a prerequisite for ensuring public trust and support for the decisions of planners and investors in Georgia’s energy sector.
We kindly ask the PCM to conduct a compliance review and to thus ensure accountability of the EBRD to its shareholders, to impacted people, to interested shareholders and to the public.