AIIB Watch Cases

Status: Proposed
Timeframe: 2017-2022
Estimated Date of Board Consideration: 2022
Area: Svaneti Region, Georgia
AIIB Investment Amount: US$ 100 million
Total Project Cost: US$ 1.083 billion
Co-financier: ADB, EBRD, EIB and KDB

E&S Category: A

Project Details: The project's objective is to increase the country's power generation capacity year-round, reduce dependency on fossil fuel-fired power plants and thus decrease their associated pollution, and reduce electricity imports from neighboring countries.

Capacity: 280 MW

Resettlement: According to the most recent project summary (14 September 2021), a total of 89 households are anticipated to face either permanent or temporary land acquisition. Design changes have been made to avoid the physical resettlement of local populations.

CSO reports and organizations monitoring: Bankwatch

AIIB interactions to date: In July 2022, the Business & Human Rights Resource Centre released the "Drying up: Tracking the environmental and human rights harms caused by hydropower in the Caucasus and Central Asia" report, where the Resource Centre tracked publicly reported allegations of environmental and human rights abuses linked to hydropower plants (HPPs) in Armenia, Georgia, Tajikistan and Kyrgyzstan. Regarding the Nenskra Hydropower Project, AIIB responded; by restating its commitment to the EBRD's 2014 Environmental and Social Policy (ESP) and Performance Requirements (PRs) while emphasizing that no final financing decision has been made.

Further information: AIIB Page

Last update: 31.12.2023