AKIPRESS.COM – The EBRD said it achieved a new record in Uzbekistan in 2019 with an annual investment of US$ 576 million (€517 million) through 13 private and public sector projects – an all-time high for the Bank in the country. The Bank invested money into key infrastructure projects and expanded its operations by opening a ... 
EBRD marks record in Uzbekistan in 2019 with $576 million in 13 investment projects
Anastasia Bogdanova | January 17, 2020
AKIPRESS.COM – The EBRD said it achieved a new record in Uzbekistan in 2019 with an annual investment of US$ 576 million (€517 million) through 13 private and public sector projects – an all-time high for the Bank in the country. The Bank invested money into key infrastructure projects and expanded its operations by opening a ... 
EBRD support for a mining investment in southwestern Mongolia will create jobs and ensure the highest possible environmental standards at the Khundii Gold project in the Bayankhongor region of the country. The Bank is providing a US$ 5 million convertible loan to the Erdene Resource Development Corporation of Canada, a company that is listed on ... 
The European Bank for Reconstruction and Development said it will provide €25-million to Kosovo’s sole ferro-nickel producer Newco Ferronikeli to improve environmental standards and energy efficiency. The company which is the largest of Kosovo’s exporters was bought by Albania’s Balfin Group last year in what was seen as a rescue deal aimed to restore production ... 
The Asian Development Bank (ADB) has signed an $11.5 million loan agreement with Baikonyr Solar LLP for the expansion of solar power in Kazakhstan. The scope of work includes the design, construction, commissioning, operation, and maintenance of a 50 MW solar power project with grid integration. The solar project is expected to generate 73 GWh ... 
Following the World Bank’s recent statement that it will not provide support for the 500 MW New Kosovo coal power plant, the EBRD has now followed suit by confirming that it is not considering support for the project. In an e-mailed statement responding to an enquiry from the Institute for Energy Economics and Financial Analysis, ... 
The international community raised additional funds today to support efforts to overcome the legacy of uranium mining in Central Asia. A pledging event for the Environmental Remediation Account for Central Asia at the EBRD Headquarters in London on Thursday was attended by representatives of more than 30 countries and international organisations. The event was opened ... 
Macedonia: How to Cut the Ilovica-Štuka Gordian Knot, EBRD supported Euromax on crossroad. From the very beginning, there have been numerous problems, dilemmas, even serious accusations about the Ilovica-Štuka mine, from activists and experts on the one side, and Euromax Resources on the other. Will the mine cause contamination of soil, water and air; will ... 
On its website, the European Bank for Reconstruction and Development claims to be unique among development banks in that it does not finance coal-fired power plants due to their environmental impact. It is further stated that in 2018, 42% of its investments had a low environmental risk, in line with the climate goals set by ... 
Precious metals miner Polymetal has secured a $140-million loan to finance the remaining capital expenditure for its Kyzyl project, paving the way for operations at the 300 000 oz/y Kazakhstan gold mine to start in the third quarter of 2018. The loan agreement with the European Bank of Reconstruction and Development (EBRD) has a five-year ... 
A joint delegation from the European Union and the European Bank for Reconstruction and Development (EBRD) has held talks with the government of Kyrgyzstan on addressing the environmental legacy of uranium mining in Central Asia, said world-nuclear-news.org. Kyrgyzstan, Tajikistan and Uzbekistan formed an important uranium-producing region in the former Soviet Union, and more than 9000 tonnes ... 
The EBRD has appointed Agris Preimanis new Director for Kazakhstan, one of the Bank’s largest countries of operations where it has invested more than US$ 8 billion to date, said the bank. The announcement was made today in Almaty, the country’s largest city, during a high-level visit led by EBRD First Vice President Phil Bennett.Agris Preimanis, ... 
A delegation of the European Bank for Reconstruction and Development (EBRD), headed by President Suma Chakrabarti, will visit Uzbekistan on 15-17 March to discuss with the Uzbek authorities ways of increasing EBRD engagement with the country. The Bank has worked in Uzbekistan since 1993 and has a portfolio of investments there but since 2010 there ...