EBRD and Sostanj Unit 6 - serious questions about EBRD project appraisal
Publisher: CEE Bankwatch Network
Volume: 2 pages, pdf
Description:
On April 14 2011 Slovene Minister of Economy, Ms Darja Radic, presented the Slovene government with a report on the management of the TES 6 project, for which the EBRD last year approved a EUR 100 million loan with a further EUR 100 million syndicated to commercial banks. The report – which is unfortunately not publicly available, thus we rely on the Minister’s presentation - outlines a number of shortcomings in the project. This report led the government to conclude that it would only support a state guarantee for the European Investment Bank loan of EUR 440 million if the economic efficiency of the project can be improved. The Minister also declared that because of the reports’ findings she will send them to the Commission for the Prevention of Corruption, the General Police Directorate and the public prosecutor.