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Complaint > Albania Hydros-01/Tirana

Appraisal: CAO Compliance Appraisal of IFC advisory service project: Albania Hydros. March 18, 2014

...change of ownership of the HPPs was not expected to lead to a change in domestic energy supply and demand. Rather, their refurbishment is likely to increase the amount of energy produced. In addition, it needs to be noted that the 13 Article 1 of the Articles of Agreement which states that IFC’s purpose is to “further economic development by encouraging growth of productive private enterprises in member countries” is cited in this respect. 14 EDEN, Letter of Complaint (...
IFC Compliance Advisor/Ombudsman - Albania - 2014