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)
Luxembourg, Prague, Tbilisi – Representatives from the “Stop Nenskra” campaign [1] showed up in Luxembourg at the Asia Infrastructure Investment Bank (AIIB) annual meeting on July 12th and delivered a petition
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.
This briefing outlines the main issues with the Nenskra hydropower project shortly before both the European Bank for Reconstruction and Development and the European Investment Bank will decide on financing the project. The problems relate to
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
The disproportionate impacts that the Nenskra hydropower project in Georgia will have on women are not being assessed by the project company, in spite of its financiers’ standards.
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.
The Asian Develoment Bank (ADB) together with the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD) is in the process of assessing a loan for the 280 megawatt Nenskra hydropower plant (HPP) in the Svaneti region of Georgia.
As rains cause mudflows in Georgia’s mountains, locals from different regions unite to protest hydropower developments in geologically unstable areas
The Asian Develoment Bank (ADB) is in the process of assessing a loan for the 280 megawatt Nenskra hydropower plant in the northwest of Georgia. The project is under appraisal for co-financing by the European Investment Bank
The European Investment Bank (EIB) is in the early stage of assessing a loan for the 280 megawatt Nenskra hydropower plant, which is to be built by a Korean investor in the northwest of Georgia. The project is located on the Nenskra and Nakra rivers
