ebrd

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ebrd

EBRD to finance Nenskra dam in Svaneti

by OC Media

•2 min read

The board of directors of the European Bank for Reconstruction and Development (EBRD) have ‘unanimously’ approved financing for the Nenskra HPP in Svaneti, Georgia. The board made the decision on 31 January. The project envisions construction of a 130 metre high dam on the Nenskra River, a 3 square kilometre reservoir, and a 280 MW Hydropower Plant (HPP) in Mestia Municipality, in the Samegrelo–Zemo Svaneti Region of Georgia. The project has faced resistance from some locals in Svaneti

Azerbaijan

Investigation reveals secret $3 billion UK-based Azerbaijani slush fund

by OC Media

•2 min read

Azerbaijani authorities laundered almost $3 billion in the UK between 2012–2014, which was used to bribe high level EU and UN figures, an investigation by the the Organised Crime and Corruption Reporting Project (OCCRP) shows. Following the investigation, the OCCRP’s website was blocked in Azerbaijan. The press service of the President of Azerbaijan has denied the accusations, blaming ‘George Soros and Armenian lobby’ for the investigation. The Azerbaijani Laundromat, as the investigat