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Letters to companies shortlisted to bid for the Plomin coal power plant
November 8, 2012 | Read more
Four companies have been shortlisted and invited to submit binding bids for the construction of unit C at the Plomin coal power plant in Croatia. Croatian Bankwatch member group Zelena Akcija/Green Action sent letters to all four companies with information on the legal and economic challenges of the project and the local opposition against it.
Although public-private partnerships appear to become increasingly untenable for public authorities, they are further being promoted by the European Commission and the European Investment Bank. An official in-depth evaluation of this financing model, however, is still nowhere to be seen.
The European Bank for Reconstruction and Development boasts of having invested 10 billion euros in sustainable energy since 2006. A closer look reveals that although the bank’s efforts deserve recognition, several investments make a mockery of ‘sustainability’.
The letter is signed by 42 organisations, reflecting an impressive diversity of stakeholders with a unanimous concern: improving not weakening the partnership principle in Cohesion Policy. Commissioners for for Employment, Social Affairs and Inclusion Laszlo Andor and Commissioner for Regional Policy Johannes Hahn responded on behalf of the European Commission on January 18, 2013. Download their letter as pdf.
Crunch time at Sostanj
November 5, 2012 | Read more
November is shaping up to be crunch time for a new 600 MW lignite plant planned to be built at Sostanj in Slovenia. If the Slovenian government doesn’t manage to offer a state guarantee for loans from European public banks that should cover half the construction costs by the end of this month, the project could fail. At Bankwatch, we’re preparing our popcorn for the latest Sostanj thriller, on show across Europe this month.
