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EBRD money and nuclear safety in Ukraine: Being a lender does not guarantee leverage

Briefing | 12 May, 2015 | Download PDF

The EBRD has denied its role in enabling Ukraine’s ageing units to operate beyond their design lifetime. It has also claimed that through the loan it has important leverage over its client Energoatom to help ensure a proper level of nuclear safety and the compliance with Ukraine’s international commitments in the nuclear energy sector. However, developments in January-May 2015 show the EBRD has been over-optimistic about the role and leverage it has gotten by granting the loan for the safety upgrade project.


Winstar oil and gas fields in southern Tunisia

Briefing | 12 May, 2015 | Download PDF

In 2013 Winstar Tunisia, a subsidiary of Serinus Energy, obtained a USD 60 million loan from the EBRD to develop four oil and gas fields in southern Tunisia. In March 2015, Bankwatch met with local authorities, civil society representatives and labour unions in the two southern provinces and identified a number of problematic aspects, most notably the lack of transparency and communication from the side of the company with local stakeholders.


Boskov Most hydropower plant project

Briefing | 6 May, 2015 | Download PDF

Following earlier publications about the Boskov Most project’s irreversible impact on nature, this paper provides an overview of the most recent developments concerning the planned HPPs in the Mavrovo national park.


Hydropower in Georgia

Briefing | 6 May, 2015 | Download PDF

Since 2011 the European Bank for Reconstruction and Development has provided USD 210.5 million to three greenfield hydropower projects (HPP) in Georgia – Paravani, Dariali and Shuakhevi. Instead of bringing improvements on the ground and environmental standards that are on par with best international practice, the EBRD has, by funding these projects, simply justified the wrongdoings that were from the beginning apparent: the degradation of river ecosystems, corruption and threats to people.


Infographic: If energy security is the question … the Euro-Caspian Mega Pipeline is not the answer

Leaflet | 29 April, 2015 | Download PDF

Europe talks of diversifying energy supplies from Russia by building a set of pipelines from the shores of Azerbaijan’s Caspian Sea to Italy. But the EU’s dependency on Azerbaijan for fossil energy fuels repression and feeds the authoritarian Aliyev regime. All the while, Europe does not need all that gas.