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04.12.2019
Nenskra: new players, new risks
More than a year after Salini Impregilo, a major construction company, mysteriously abandoned the Nenskra hydropower project before construction had even begun, new contractors are now said to have been hired to build Georgia’s biggest and most divisive hydropower project. According to South Korean media, Hyundai Engineering & Construction (Hyundai E&C) and Limak have won a USD 737 million tender to realize the Nenskra project.
Blogs
18.06.2019
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.
Blogs
08.05.2019
Five reasons why EBRD should pull out of the controversial Nenskra hydropower project
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.
Blogs
15.11.2018
Leaked World Bank report depicts Georgia’s Nenskra hydropower project as major liability
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.
Blogs
31.10.2018
Controversial dam project in Georgia abandoned by constructor
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.
Blogs
31.07.2018
Devastating floods are the latest warning sign about controversial Nenskra hydropower project
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 hydrological conditions in the area.
Blogs
04.12.2017
Price tag of Georgia’s Nenskra dam goes through the roof
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.
Blogs
15.11.2017
Déjà vu in biodiversity: public banks pitted against international convention
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.

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