How much will the Macedonian hydropower plant Boskov Most really cost?
December 5, 2014
The total costs of the Boskov Most hydropower plant project in Macedonia will possibly cost more than twice the projected EUR 84 million, considering that many aspects have so far not been studied or remain unresolved.
EU Project Bonds are a worrying indication for the future EU long term investment plans
December 4, 2014
As the pilot phase of the EU Project Bonds Initiative is coming to an end, a roundtable discussion in the European Parliament takes stock of the initiative.
[Campaign update] Rovinari power plant put on ice
October 15, 2014
A silver lining has appeared for the people of Rovinari with the set-up of a joint venture for a new lignite-fired power plant being put on hold. The town of Rovinari already suffers under heavy pollution from the existing plant.
Planned contract for Plomin C coal plant most likely illegal state aid, says legal analysis
May 5, 2014
Zagreb, 05.05.2014 – A planned long-term power purchase agreement in which Croatian electricity company HEP will commit to buying at least 50% of electricity from the planned Plomin C power plant for 20-30 years will most likely be illegal under EU state aid rules, according to a new legal analysis by Hungary’s Environmental Management and Law Association (EMLA).
‘Fools and liars’ – major new report slams mega-dams, as tensions rise over Georgia’s Khudoni project
March 20, 2014
A new report published on March 10 by a team of researchers from the University of Oxford, based on the largest ever study of large hydroelectric dams (245 in 65 countries) has found that in most cases large dams are economically not viable and few, if any, will realise their planned benefits. The study assessed the costs, construction time, and benefits of all large dams built around the world since 1934, and further concluded that the severe cost and construction delays that so often dog large dams (defined in this research as those that exceed 15 metres in height) mean they can be seriously damaging to the economies that attach so much hope to them.
Guest post: A Balkan lesson for coal investors
January 28, 2014
When Dr. Kim, President of the World Bank, and leaders of other international financial institutions ponder funding new coal power projects this year – like the one in Kosovo – there’s one word that should be seared into their memories: Sostanj.
Small shareholders protest price cap on lignite from Šoštanj’s mine
February 6, 2013
With the dubious economics of the Šoštanj 6 lignite power plant depending partly on keeping the price of lignite low, small shareholders who would have to forego their profits are not thrilled at the prospect.
The EIB in Greece: by the numbers
June 15, 2012
As Europe’s financial establishment braces for the results of tomorrow’s Greek elections and Eurozone officials dangle the carrot of a new European Investment Bank programme in front of Athens, we’ve prepared a snapshot of previous EIB loans in the country. [1] [2] [3] [4] (NB: any tricolour similarities are entirely coincidental.)
Yet another bail-out package? A comeback to ‘The Vienna Initiative and financial stability in emerging Europe’
March 30, 2012
The European Bank for Reconstruction and Development promotes the support for western European banks in central and eastern Europe although evidence for this initiative’s success is disputable at best.
Deja vu for Vienna II – a sustainable recovery is needed for the CEE financial sector
January 16, 2012
As pressures mount on western European banks to shore up capital ratios and with 2012 economic growth forecasts for Europe falling close to zero, officials from the European Central Bank, the European Commission, and several international financial institutions (IFIs) are meeting today in Vienna with regulators from CEE countries to discuss a second round of financial support for a fragile CEE banking sector.
