Additional documents
Press release 07.07.2009 (PDF)
Site visit reports of the Committee of Experts (CoE)
Cultural Heritage (PDF)
Cultural Heritage Report and Comment Prof. Erkanal June 2009
Cultural Heritage Report August 2008
Cultural Heritage Report December 2007
Environment (PDF)
Environment Report 2 June 2009
Environment Report 1 June 2009
Environment Report November 2008
Environment Report 2 June 2008
Environment Report 1 May 2008
Environment Report 2 December 2007
Site visit reports Resettlement (PDF)
Resettlement Report June 2009
Resettlement Report March 2008
Resettlement Report ANNEXES March 2008
Resettlement Report December 2007
Resettlement Report ANNEXES December 2007
Ilisu Project, Turkey
Export risk insurance cover for the Ilisu hydroelectric power plant to end
The export risk insurance provided by Germany, Austria and Switzerland for the Ilisu project is ending. Despite some significant improvements, the requirements tied to this insurance cover in the areas of the environment, cultural heritage and resettlement could not be fulfilled within the contractually stipulated timeframe.
Since the beginning of the process, the export credit agencies placed strict requirements on the acceptance of the export risk insurance. The principal goals were to minimise the impact of the hydroelectric power plant on people living in the region as well as the environment and cultural heritage, and to fulfil the applicable standards of the World Bank. To give insistency to the matter against the backdrop of repeated delays in implementing the measures, in December 2008 the export credit agencies advised the consortia to suspend the building and delivery contracts and initiated the contractually specified final deadline of 180 days to implement these standards. This deadline expired on 6 July 2009.
For this project, SERV insured deliveries and engineering services in Turkey worth CHF 225 million for Alstom, Colenco, Maggia and Stucky.
Version: 19.10.2009