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Destructive hydropower project in Macedonia loses its only source of funding

Press release  |  January 23, 2017

Skopje, Prague – After a five years long campaign, Eko-svest, Front 21/42 and CEE Bankwatch Network welcome the cancellation of a EUR 65 million loan from the European Bank for Reconstruction and Development (EBRD) intended for the Boškov Most hydropower project in Macedonia. As a result this controversial project is now highly unlikely to be realised.

Balkan lynx stage protest at annual meeting of European Bank for Reconstruction and Development

Blog entry  |  May 15, 2014

A delegation of 20 lynx from Mavrovo National Park in Macedonia today occupied a corridor in the Polish National Stadium in Warsaw, where the EBRD Annual General Meetings are taking place 14-15 May. Their message: “EBRD, don’t finance the Boskov Most dam, as it will destroy the forest in which we live and eventually kill us.” The 20 delegates from Mavrovo Park constitute almost half of the little over 50 lynxes which still survive in the park today (the Balkan lynx is an endangered species).

Nenskra hydropower plant, Georgia

Project  |  June 22, 2017

The Nenskra dam is the largest of Georgia’s massive plans for hydropower installations in the Upper Svaneti region. If realized, it will deprive the local indigenous communities of their ancestral lands and traditional livelihoods, and cause an irreversible damage to the fragile river and mountain ecosystems.

Major blow for Croatian coal plant as Crédit Agricole announces new coal power policy

Press release  |  September 30, 2015

Paris, France – Today’s publication of new criteria for coal-fired power plant financing by French bank Crédit Agricole suggests that the bank will not be able to finance the controversial €800 million Plomin C coal power plant in Croatia, believe campaign groups. The policy now rules out finance for coal power plants in high-income countries, which includes Croatia.

Letter: European Commission should make use of its shareholder role in the EBRD

Publication  |  February 28, 2012

A look at the European Bank for Reconstruction and Development’s investments in the Ombla hydropower plant in Croatia and the Boskov Most plant in Macedonia reveals that the EU does not make full use of its shareholder role in the Bank and allows approval of the projects that contravene EU principles and standards. Read more on our blog:

Destroying future NATURA 2000 sites in the Balkans. The European Commission’s role in steering the EBRD’s investments

Publication  |  March 1, 2012

The letter complains about the EU’s negligence of its shareholder role in the European Bank for Reconstruction and Development and its lack of scrutiny of two recently approved projects that are set to contravene EU principles and standards: the Ombla hyrdopower plant in Croatia and the Boskov Most HPP in Macedonia.

Financing for hydropower in protected areas in southeast Europe

Publication  |  December 11, 2015

Southeast Europe is experiencing a wave of hydropower projects. In a region with a deadly combination of Europe’s last wild rivers, rampant corruption and inadequate nature protection, the potential for damage is immense. In order to address this issue, we need to know who is making it happen. This research aims – to the extent possible given the secrecy around the financial sector – to find out who are the main actors involved in financing hydropower projects in the region, both overall and inside of protected areas. Update January 2017 The EBRD has said that financing has been cancelled for four small hydropower plants in Macedonia: Zrnovska reka 1, Zrnovska reka 2, Estericka reka, Kadina reka. In addition, financing has been cancelled for the 68 MW Boskov Most plant in the Mavrovo National Park, also in Macedonia. Regarding the Ternove SHPP in Albania, the EBRD has said that it had conducted an on-site investigation into the concerns received in a letter from an affected citizen. The bank found nothing to substantiate the allegations. Bankwatch will continue to monitor the issue.

Macedonia urged to suspend controversial hydropower project

Press release  |  December 4, 2015

Strasbourg, Skopje, Prague – In the latest blow to planned hydropower dam in Macedonia’s Mavrovo National Park, the Standing Committee of the Bern Convention, the European wildlife treaty, added today its voice to growing calls to reconsider this reckless project. The spotlight is now on the European Bank for Reconstruction and Development (EBRD), the project’s main financier.

Bern Convention: Macedonian government is urged to halt construction of hydropower plants in national park

Press release  |  December 11, 2017

Plans for 17 hydropower plants throughout Macedonia’s Mavrovo National Park must be immediately suspended, so the Standing Committee of the Bern Convention ruled at its annual meeting last week.

Climat: des ONG dénoncent le soutien des banques à l’exploitation du charbon

Bankwatch in the media  |  November 26, 2013

Plusieurs ONG ont dénoncé vendredi le financement de projets d’exploitation du charbon, source d’énergie la plus émettrice de gaz à effet de serre, en publiant un classement des banques ayant le plus soutenu ce type d’investissement depuis 2005.

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