Significant failures were found in the project’s compliance with the environmental and social policies of the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB)
To “better connect the Caucasus to Russia,” a new road project, Kvesheti-Kobi, is planned to be realized in Georgia. This road section will be part of a north-south corridor that passes the Caucasus and serves to connect the region to Russia
Georgia’s Shuakhevi hydropower plant (HPP), which once promised to bring energy independence to the country but collapsed soon after becoming operational in 2017, has come back to life. But its return has not been welcome
Part of the Georgian non-governmental organizations addressed to the Prime-Minister of Georgia, the President of the Asian Development Bank, and the President of the European Bank of Reconstruction and Development
Prague, Tbilisi – 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
In a petition filed on March 19, 2019 with the Tbilisi city court by the Human Rights Education and Monitoring Center (EMC) and Green Alternative, on behalf of local residents in the Upper Svaneti region, the civil society groups
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
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.
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.
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
Today the Asian Development Bank started its annual meeting and one of the projects that we will be discussing with the bank’s management and Board of Directors is a loan for the 280 megawatt Nenskra hydropower plant in the Svaneti region of Georgia. The ADB is planning to provide a loan of USD 176.70 million and a Political Risk Guarantee over USD 100.00 million for Nenskra, with a total cost of the project of USD 930 million.
We are writing to seek clarification on the policy process concerning the review of Public information Interim Policy (PIIP) would lead in the coming months. We have learned recently that the Bank and Board are reviewing the PIIP internally following
