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Bankwatch Mail 62

Bankwatch Mail | 14 May, 2015 | Download PDF

Published on the heels of the European Bank for Reconstruction and Development’s annual meeting in Tbilisi, the red thread of Issue 62 of Bankwatch Mail is a slew of energy projects with grim implications for people and planet – from the crackdown on dissent in Azerbaijan to the destruction of a national park in Macedonia to a (partial) success for nuclear safety in Ukraine.  

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Operations suspended at one Ukrainian nuclear unit, as wider safety doubts persist

Bankwatch Mail | 14 May, 2015 | Download PDF

Citing 33 safety issue failings, at the end of April Ukraine’s nuclear regulator took the decision to suspend operations at Unit 2 of the South Ukraine nuclear power plant by a May 12 deadline, the date marking the end of the plant’s design lifetime. Under the terms of the Ukrainian State Nuclear Regulatory Inspectorate Council’s decision, should the state-owned nuclear energy operator Energoatom wish to resume the unit’s operations beyond its design lifetime it will have to implement all necessary measures by May 2017.

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Repression and carbon lock-in required for security and sustainability?

Bankwatch Mail | 14 May, 2015 | Download PDF

With construction of the Trans-Anatolian gas pipeline (TANAP) in Turkey getting under way, the Trans Adriatic Pipeline (TAP) consortium awarding contracts for the construction of access infrastructure in Albania, and Russian pipeline plans lagging behind, the Southern Corridor for Azerbaijan’s gas exports to Europe is increasingly looking like a done deal. Or at least that is what the project promoters would have us believe.

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Some Arab CSO aspirations and concerns for the EBRD annual meeting

Bankwatch Mail | 14 May, 2015 | Download PDF

The economic model with which the EBRD operates often fails to understand and respond to the development challenges of Arab countries.

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Georgia’s hydropower revolution far from rosy for communities, the environment and the economy

Bankwatch Mail | 14 May, 2015 | Download PDF

For Shuakhevi as with other large dams recently built or planned in Georgia, it all adds up for western planners and financiers. The final bill for the Georgian population and environment, though, is still a long way from being finalised.

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