Blogs - Green Alternative

18.06.2019

IMPLEMENTATION AGREEMENT FOR THE NENSKRA HYDROELECTRIC PROJECT

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 broadcast on 8 June by the national television station Rustavi 2.
08.05.2019

Five reasons why EBRD should pull out of the controversial Nenskra hydropower project

As the realisation of the project keeps dragging on, it is becoming increasingly difficult for the EBRD, and all international financial institutions involved, to justify their engagement.
15.11.2018

Leaked World Bank report depicts Georgia’s Nenskra hydropower project as major liability

Successive international analyses have cast serious doubts over the financial viability of the planned Nenskra plant. While the Georgian government keeps the project’s contract confidential, a leaked World Bank report offers a scathing account of the fiscal implications of this hydropower development.
31.10.2018

Controversial dam project in Georgia abandoned by constructor

Already mired by controversy, the billion dollar Nenskra hydropower plant is now facing another major hurdle as the company contracted to realize the project is now leaving it.
31.07.2018

Devastating floods are the latest warning sign about controversial Nenskra hydropower project

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.
04.12.2017

Price tag of Georgia’s Nenskra dam goes through the roof

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.
15.11.2017

Déjà vu in biodiversity: public banks pitted against international convention

Europe’s wildlife guardian has sent a warning to Georgia over changes to a protected area in the Caucasus mountains. International lenders are interested in financing hydro developments in the region.
12.10.2017

Nenskra HPP: the concerns of worried locals fall on deaf ears of project developers

In an interview, a teacher from Chuberi in the Svaneti mountains gave us an impression of how the project developers of the planned Nenskra dam engage with locals.