Multilateral development banks have supported no fewer than 82 hydropower projects across southeast Europe, including in protected areas, according to a study by CEE Bankwatch Network released today. 

 

The study [1] finds that the number of hydropower projects in the region that enjoy financial support from multilateral development banks [2] and commercial banks, is even greater than previously known.

 

Since 2005, the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), and the World Bank Group have extended loans and guarantees totalling EUR 727 million to no fewer than 82 hydropower plants. This includes 37 projects in protected areas like national parks and Natura 2000 sites, or internationally recognised areas of high biodiversity value such as Important Bird Areas.

 

The EBRD is the biggest known hydropower financier in the Balkans. The bank has supported a total of 61 plants with EUR 126 million, 29 of them inside protected areas, or internationally recognised biodiversity hotspots.

 

Full article is available on the CEE Bankwatch Network website.