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Home > Archives for financial intermediary

financial intermediary

Thirsty hydropower: misuse of drinking water pipelines has destroyed a river in Bulgaria

March 30, 2021

The Blagoevgradska Bistritsa hydropower cascade was planned to use only the drinking water of the town of Blagoevgrad. Eight years later, it has used more than double the water allowed, leaving the river ‘even without frogs’. Our latest report shows the need for more scrutiny of EIB and EBRD lending through intermediary banks.


Blagoevgradska Bistritsa hydropower cascade (Bulgaria)

March 30, 2021

The Blagoevgradska Bistritsa hydropower cascade in Bulgaria consists of eight small hydropower plants installed on pipelines that supply the town of Blagoevgrad with drinking water. The plants were developed by the private company Blagoevgradska Bistri


Funny business at EBRD meeting: sustainability champion Garanti fancies coal

May 14, 2014

The Turkish Garanti Bank, one of the winners of the Sustainability Awards of the European Bank for Reconstruction and Development is among the main coal investors in Turkey.


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