Ukraine Reconstruction Campaigner
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Anna is Bankwatch’s Ukraine Reconstruction Campaigner, working on green reconstruction and environmental safeguards in Ukraine’s recovery. Her work focuses on alternative sources of energy for communities, energy resilience, and the alignment of Ukraine’s energy policy and public investment management system with EU standards. Originally from Kyiv, she holds an MSc in Environmental Sciences and Policy from Central European University and is based in Bratislava.
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In 2010 the EBRD approved a senior loan of up to RUB 650 million (around EUR 16 million) for the New Forwarding Company (Novaya perevozochnaya kompaniya – NPK), the main operating subsidiary of Globaltrans Investment Plc, the top private railway transportation company in Russia. When trying to find out who owns GlobalTrans Investment, the trail stops in the Bahamas. What does this case mean for the EBRD’s policy on offshore jurisdictions and transparency more generally?
Ombla Hydro Power Plant, Croatia
May 15, 2011 | Read more
The hydropower plant, planned to be constructed underground in a karst area near Dubrovnik, brings with it specific hydrological and ecological impacts, particularly on cave-dwelling species. Consequently, the Environmental Impact Assessment (EIA) process is of utmost importance, but has been held 11 years before the beginning of procurement. Opportunities for the public to comment on and influence the project’s decision making process have thus been highly questionable.
Paravani Hydro Power Plant, Georgia
May 15, 2011 | Read more
The Turkish company Georgian Urban Energy (GUE) has requested a USD 44 million EBRD loan for the Paravani HPP, an 87 MW plant using a 14 km derivation tunnel in order to divert water from the Paravani river to the Mtkvari river. Bankwatch member group Green Alternative has deep concerns regarding the project’s potential negative impacts as well as its overall justification.
The EBRD and the Polish coal sector
May 15, 2011 | Read more
The Polish energy market is dominated by coal, but two thirds of the installed coal capacity is older than 30 years. The EBRD could play a crucial role in the restructuring of this market by providing financial assistance to energy efficiency projects and renewable energy and at the same time refraining from further fossil fuel investments. Update: The EBRD confirmed during later meetings that it will not finance any coal project in Poland.
In 2010, the EBRD approved a EUR 100 million loan for the Sostanj lignite power plant unit 6 (TES 6) project with a further EUR 100 million syndicated to commercial banks. A recent report on the management of the project has important implications for the EBRD’s involvement and raises questions about the project appraisal process that led the EBRD to approve the project.
