To Werner Hoyer President of the European Investment Bank (EIB) and Sir Suma Chakrabarti President of the European Bank for Reconstruction and Development (EBRD)
We call on you not to sign the loan contract for the Nenskra hydropower project. The project threatens biodiversity and livelihood of villagers. It doesn’t comply with national legislation, transparent consultations were not held, and a proper cost/benefit analysis for Georgia and impacted communities is missing.
Why is this important?
Hydropower can be a great renewable energy solution under the right circumstances. In Georgia however, they are about to use European money to bankroll a completely disastrous project. But the final contracts haven’t been signed yet so there’s still time to stop it in its tracks.
The Nenskra hydro plant is to be built in a precious valley, destroying the pristine environment, threatening the livelihood of local villagers, and in the end, the energy it will create will be too expensive! 
Two European banks approved loans for one-third of the one billion dollars needed but before they sign the contracts they'll meet in Luxemburg next week.  They will hold a big public meeting where together with partners we will show up and raise our concerns.  Add your voice now so we can deliver calls from across Europe into the meeting next week. Sign now to stop Nenskra Hydropower plant.
- On costs: http://greenalt.org/wp-content/uploads/2018/09/Assessment_of_HPP_Cost_2018.pdf, https://bankwatch.org/press_release/in-georgia-leaked-contract-shows-nenskra-hydropower-project-to-cost-country-usd-60-million-a-year
- EBRD has approved a loan of US $214 million https://www.ebrd.com/work-with-us/projects/psd/nenskra-hpp.html, EIB has approved a loan of US $150 https://www.eib.org/en/projects/pipelines/all/20150670
- http://greenalt.org/wp-content/uploads/2018/09/Assessment_of_HPP_Cost_2018.pdf, https://www.imf.org/en/Publications/CR/Issues/2017/09/27/Georgia-Fiscal-Transparency-Evaluation-45274 in combination with the assessment of Green Alternative: http://greenalt.org/leaked-world-bank-report-depicts-georgias-nenskra-hydropower-project-as-major-liability/
In partnership with:
Photo credit: Cynthia Bil, journalofnomads.com
Please can you chip in?
A huge dam is about to drown a beautiful valley in Georgia, threatening biodiversity and the livelihoods of villagers only to produce energy that's too expensive for locals.
To build it, two European banks have to sign off loan contracts. Let’s stop them, and put an end to this disastrous project!
Next week we will go Luxembourg, where the banks will be having a big public meeting, to deliver this call. Your donation will help us make this happen and allow us to continue to protect nature. Can you chip in?
Other ways of giving
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WeMove Europe SCE mbH
IBAN: DE98 4306 0967 1177 7069 00
BIC: GENODEM1GLS, GLS Bank
Thank you for standing for nature and the environment with us. It is only together that we can truly be a force to be reckoned with.