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Odessa High Voltage Grid Upgrade, Ukraine – EBRD AGM Issue Paper

Briefing | 10 May, 2010 | Download PDF

In December 2005 the European Bank for Reconstruction and Development (EBRD) approved a EUR 25.8 million loan for the Odessa High Voltage Grid Upgrade project for the state-owned company Ukrenergo. The project, that foresaw construction of a 124 kilometre long 330 kV transmission line between the Adjalyk and Usatove substations in the Odessa region and modernisation of the substations, was Ukrenergos first experience with the international financial institutions, and inaugurated a series of further such investments.


Furshet Group labour conditions research, Ukraine – EBRD AGM Issue Paper

Briefing | 10 May, 2010 | Download PDF

In 2007 the European Bank for Reconstruction and Development (EBRD) provided a USD 90 million loan to the second largest supermarket operator in Ukraine – the Furshet Group – for the regional expansion of its chain in Ukraine and Moldova. The aim of a research commissioned by Bankwatch was to examine labour/gender conditions at supermarkets regarding employee rights and discrimination at work, resulting in recommendations how Furshet and the EBRD can improve the employees’ situation.


Tbilisi Railway Bypass project – EBRD AGM Issue Paper

Briefing | 10 May, 2010 | Download PDF

On March 9, 2010, a loan for the Tbilisi Railway Bypass Project, initiated by the Georgian Railway company, was approved by the EBRD. The main goal of this project, rated category A by the EBRD, is to construct a new section of railway that bypasses the central part of Tbilisi in order to avoid the transit of hazardous freight (such as oil and oil products) through the middle of the city. While this main goal is welcomed, there are several strong concerns that undermine the project goals and may cause a serious threat to Tbilisis population.


South Ukraine Transmission Project – EBRD AGM Issue Paper

Briefing | 10 May, 2010 | Download PDF

The European Bank for Reconstruction and Development (EBRD) is considering lending EUR 175 million to the National Energy Company of Ukraine, Ukrenergo, for implementing the South Ukraine Transmission Project. An equal amount of financing was approved by the EIB in October 2009. The project foresees construction of a new 750 kV power transmission line, two 330kV double circuit diversions, and modernisation of an existing 330/220/110 kV substation.


Civil society statement on energy access and public financing of fossil fuels

Policy comments | 6 May, 2010 | Download PDF

The statement, signed by 48 civil society organisations calls on international financial institutions to stop using public resources to subsidize the fossil fuel industry. These subsidies fuel overconsumption in wealthy countries, benefit an already highly profitable and well-established industry, and exacerbate many of the most urgent problems facing humanity today, not the least of which is climate change.