IMPLEMENTATION AGREEMENT FOR THE NENSKRA HYDROELECTRIC PROJECT

A leaked contract between the Georgian government and the company behind the Nenskra hydropower project includes terms that indicate the project will incur massive losses for the state, according to a report broadcast on 8 June by the national television station Rustavi 2.

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Five reasons why EBRD should pull out of the controversial Nenskra hydropower project

nenskra_2019

As the realisation of the project keeps dragging on, it is becoming increasingly difficult for the EBRD, and all international financial institutions involved, to justify their engagement. The Georgian government is nowadays promoting the construction of over 30 new hydropower plants throughout the country’s mountainous regions, with the billion dollar Nenskra hydropower plant in the Upper Svaneti region being …

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Leaked World Bank report depicts Georgia’s Nenskra hydropower project as major liability

no_dams

Successive international analyses have cast serious doubts over the financial viability of the planned Nenskra plant. While the Georgian government keeps the project’s contract confidential, a leaked World Bank report offers a scathing account of the fiscal implications of this hydropower development. Community members, experts and civil society groups have long been warning about the …

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Controversial dam project in Georgia abandoned by constructor

todinii

Already mired by controversy, the billion dollar Nenskra hydropower plant is now facing another major hurdle as the company contracted to realize the project is now leaving it. The USD 575 million worth contract between the Italian construction company Salini Impregilo and the project promoter was signed in August 2015. But with increasing tensions with …

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Devastating floods are the latest warning sign about controversial Nenskra hydropower project

Chuberi

From the outside, this tragedy might seem like a natural disaster, a force majeure. But one cannot ignore the human factors at play. Community members in Georgia’s Upper Svaneti region and environmental groups, worried about the impacts of unchecked hydropower development, have long been warning that decision makers are overlooking the unstable seismological, geological and …

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Price tag of Georgia’s Nenskra dam goes through the roof

Enguri_Svaneti

New information reveals the disproportionate price that Georgia’s government guarantees to pay for electricity from the Nenskra dam. The increasingly unfavourable economics strengthen calls to finally make the project’s contract publicly available. Among the numerous concerns surrounding the Nenskra hydropower project (HPP) is a lack of transparency about the contract between the Georgian government and the project company. Its …

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Déjà vu in biodiversity: public banks pitted against international convention

Chuberi

Europe’s wildlife guardian has sent a warning to Georgia over changes to a protected area in the Caucasus mountains. International lenders are interested in financing hydro developments in the region. On Monday, November 13, the Secretariat of the Bern Convention, the European wildlife treaty, sent a letter to Georgia’s Ministry of Environment asking for clarification …

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Nenskra HPP: the concerns of worried locals fall on deaf ears of project developers

Nenskra_consultations

In an interview, a teacher from Chuberi in the Svaneti mountains gave us an impression of how the project developers of the planned Nenskra dam engage with locals. Evidence gathered by Bankwatch during a field trip to the Upper Svaneti region of Georgia to investigate the implementation of the Nenskra hydro power project (HPP) suggests …

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Systematic shortcomings will deprive people affected by Georgian dam of compensation

Nenskra_panorama

An official assessment of land assets and livelihoods of people affected by the Nenskra hydropower plant in Georgia contains many mistakes and inaccuracies, as a report released today reveals. The shortcomings of the so-called Land Acquisition and Livelihood Restoration Plan, which is a prerequisite for public financing for the project, will cause severe damage to …

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Powerline to nowhere: Georgian villages take stand against badly routed transmission lines

Pasanauri

Mountain villages in the country’s northeast protest for changes to the routing of high voltage lines in a series of local protests. Construction on a powerline in Georgia was put on hold one month ago after villagers blocked excavation machinery in the village of Pasanauri.  About 150 residents contested the routing, claiming that the project threatens …

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