In das Betrugs Geschaeft, mit gestohlenen Geldern ist nun auch der Deutsche Dr. Rolf Wenzel, eintreten, mit diesem Projekt. Immer auf der Suche, mit Mafia Partner, um Gelder umzuleiten u.a. in Luxus Projekte an der Kueste, fuer einen angeblichen Tourismus, eine klare Zweckentfremdung und Diebstahl von Geldern
Dr. Rolf Wenzel, mit der Georgischen Mafia, deren Luxus Villen an Anlagen man finanzieren will wie in Albanien, aus gestohlenen Geldern. Staat Umweltschutz, wird die massive Abholzung der Kuesten Waelder und Umweltverbrechen finanziert.
Erneut betreibt ein Deutscher dieser Betrugsgeschaeft, als Leiter der CEB Bank, wo die Mittelverwendung sehr klar, und erneut ist die Edi Rama Mafia mit Benet Beci der Partner mit dem Zivilen Aufbau.
Money flows, rivers dry
Erste, Sberbank and the EBRD have been fueling the destruction of 27 km of rivers in the region of Josanicka banja, on the borders of the Kopaonik National Park in Serbia. It is a stark warning how the future of the Balkans might look if uncontrolled investment in the hydropower sector continues.
Igor Vejnovic, Hydropower Policy Officer | 22 March 2018
It perplexes me why bankers investing in hydropower projects in the Balkans have been so short-sighted as to pour at least EUR 700 million (and probably much more) into hydropower projects that are seriously damaging nature and causing conflicts with local communities.
Finance is essentially a forward-looking enterprise: as a financier you are looking to future yields to cover the present investment. You are guessing the future value of money, and assessing the risks to find the best model for financing an endeavour or project.
It has long been recognised by companies and banks – at least in theory – that financial gains mean little without taking social and environmental impacts into account and looking at the real life consequences of financing decisions. The future of hydropower, even small scale, is not as green as it seems.
Following field visits in Albania and Macedonia in 2017 to see the real-life impacts of projects already built, Bankwatch recently teamed up with local activists and visited 14 plants located within just 40 km2 on the borders of the Kopaonik National Park in Serbia.
What we witnessed is uncontrolled development of hydropower that has damaged no fewer than three rivers. Even greater damage could be done by at least another three plants planned in the area. Half of the 14 plants* we visited were financed by Austria’s Erste & Steiermaerkische Bank, four by the EBRD and one by Sberbank.
Make no mistake, this is an industrial installation: tonnes of concrete poured in to stop once mighty rivers and most of the life circulating in them: fish, stone crayfish and thousands of smaller organisms that render our rivers alive. Once upon a time these rivers hosted fish species such as Mediterranean barbel, Chub, Gudgeon and Sabanejewia balcanica – all on the IUCN red list, the latter of which is strictly protected in Serbia.
These plants are often called run-of-the-river: In reality they are anything but. Dams block the rivers’ flow and form quickly silted-up ponds. From these concrete obstructions, the water is put into pipes and diverted to the powerhouse further below. Between the dam and the powerhouse, a ‘biological minimum’ flow is supposed to be maintained. Once mighty rivers and mountain streams are turned into lifeless drainage channels.
So far we identified EUR15 million* pouring into the region for construction of the hydropower plants. This translates into 17.8 km of rivers put into pipes, and 9.2 km about to be, leaving river beds with low or no water during the dry months. This is in contravention of Erste’s rules that, among other things, require compliance with the EU Water Framework Directive, and stipulate that no adverse effects on critical natural habitats or critical freshwater resources are allowed.
Local people report that the rivers are completely drying up on a regular basis.
We visited the river in February when there were comparatively high water levels. However, even then, water levels were considerably lower downstream from the dams, sometimes going below the minimal requirements. For several of the plants it was obvious that even the minimal requirements were not complied with.
What hurts the most is the operators’ plain chutzpah in building and running the so-called fish passes. In theory, they are built to enable fish migration over dams. In practice, they are often intentionally blocked or require some serious aiming and jumping skills.
(Click on images for details)
What can be done?…..
* Known loans for hydropower plants visited, used for construction. Further loans might have been extended after the operations started.
|#||Name||River||Financier||Loan in million EUR||In operation since|
|4||Marići||Jošanica||EBRD, Erste||1.37 (Erste)||Under construction|
|12||Samokovska reka 1||Samokovka||Sberbank||3.32||Under construction|
** EBRD extended a single loan to Vladići, Marići, Šutanovina and Velež via the WeBSEDFF scheme. The loan is marked as completed.