Comment 22 Dec 17

European Banks Must Stop Funding Balkan Hydropower Plants

A new report shows that even small power plants funded by European banks are inflicting serious damage on the region’s precious natural habitats.

Igor Vejnovic
BIRN
All the plants are sited in ecologically sensitive areas. Photo: MIA

This week, Bankwatch has published Broken rivers, a report on eight hydropower projects in Albania, Croatia and Macedonia financed with European public money.

The report demonstrates the damage done to nature and biodiversity and recommends increased monitoring and restoration measures.

The hydropower plants were enabled by support from the European Bank for Reconstruction and Development, EBRD, and the European Investment Bank, EIB, and were built in 2013-2016.

All the plants are sited in ecologically sensitive areas, including the Mavrovo and Pelister National Parks in Macedonia and the Shebenik-Jabllanicë National Park in Albania. 

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