Balkans

Source: , Mining SEE

Construction of HPPs in South East Europe countries seems to be very attractive for international banks and lenders like EIB-EBRD-IFC-KfW. Austrian companies and banks seems to be very interested in financing risky and non environment friendly projects in the region. Standards which are applied in EU does not seems to be a rule for international financiers. Latest Euronatur&Riverwatch report on HPPs financing in SEE reveals the investors interest in projects described as environment risky.

Source: ESIA SEE, ESIA SEE

CEKOR had a meeting with the EBRD Director for Serbia, Daniel Berg, at which the Report on EBRD Complaint Mechanism was considered. In accordance with the undertaken contractual obligations, the EPS should enhance its procedures not only for the case of Vreoci, to which the complaint referred, but also at all locations where it performs business operations.

Source: Simona Drevenšek, Energetika-Net

A wave of hydropower development fuelled by European public funding and EU companies is endangering pristine river environments in the Balkans, finds a new study released last Friday by the Central and Eastern European (CEE) Bankwatch Network.

Source: Arthur Neslen, The Guardian

Multilateral development banks are funding a roll out of hydropower projects in national parks, world heritage sites and conservation zones across the Balkans

International banks have ploughed hundreds of millions of euros into a wave of hydropower projects sweeping across many pristine national parks and environmentally-protected regions in the Balkans, according to a new report.