The European Bank for Reconstruction and Development has approved a loan of up to USD 86.5 million for Adjaristsqali Georgia LLC (AGL), a subsidiary of the Norwegian Clean Energy Invest for the construction of the 185 MW Shuakhevi hydropower plant (HPP). The project involves the construction of two dams and three diversion tunnels. Bankwatch member group Green Alternative has concerns about the possible negative impacts of the Shuakhevi HPP and the overall justification for the project, both explained in this briefing.

The Georgian company JSC Dariali Energy has requested a loan of up to USD 80 million from the EBRD for the 108 MW Dariali hydropower (HPP) project. The project involves the construction of a derivation-type HPP on the Tergi river in the municipality of Kazbegi. The project will divert water from the town of Stepatsminda towards the powerhouse close to the border with Russia, leaving eight kilometres of river without a sufficient amount of water.

During the Cohesion Policy programming process, we have observed that environmental sustainability is not being appropriately included in the Operational Programmes and Partnership Agreements. This info-kit for those involved in the programming therefore offers suggestions for environmental and climate mainstreaming measures.

This leaflet provides guidance for people affected by the projects and programmes of international financial institutions. It explains in brief how the safeguard policies of the World Bank group, the EBRD and the EIB function and how to address the banks' complaint mechanisms.

The leaflet is also available in:

Russian (pdf)