Economic justice policy officer
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In 2007 the EBRD approved a USD 100 million loan for ArcelorMittal Temirtau (AMT), a metal and mining complex in the Karaganda region of Central Kazakhstan in order to support further improvements to Mittal Steel Temirtaus health and safety practices at its coal mines in Karaganda with the aim to bring them in line with international best practice.
Kaniv Pumped Storage Plant, Ukraine
May 19, 2008 | Read more
The EBRD continues to assert the need to increase power efficiency and to develop renewable energy sources. This is why NECU are not entirely clear about the apparent readiness of the EBRD to support a project which has so many weak points and is an integral part of the national strategy that includes measures which have been criticised by the EBRDs experts. The EBRD should be making efforts to help the Ukrainian government develop a power strategy which is much more effective. It should also support projects that aim to increase energy efficiency and the independence of the Ukrainian economy.
