Engagement with Export-Import Bank of the United States (EXIM US)

EXIM US is one of the lead international financiers of Sasan Ultra Mega Power Project (UMPP), which is a 3,960 MW pit-head coal-based power plant in Singrauli, Madhya Pradesh. EXIM-US had committed Corporate Loan USD 917 million to the project. Power Finance Corporation (PFC) the financial institution under the Ministry of Power, India is the nodal agency for getting the basic infrastructure like land, water supply, environment clearances, etc. for UMPPs. Reliance Power Limited is responsible for executing this project.

Along with EXIM US, the other international lenders – Bank of China, China Development Bank and EXIM Bank of China together financed 75% of this Rs. 19400 Cr project.

Read on Sasan UMPP more at http://www.cenfa.org/sasan-ultra-mega-power-project/ and for the perils on human lives, environment and ecology at https://lokhitsamiti.files.wordpress.com/2013/10/sasan-report-final-dec2013.pdf

‘Sasan’s Shadow: An Ultra Mega Power Project’s Dark Side’ with mentions on EXIM US and withholding of agreed loans at https://lokhitsamiti.wordpress.com/2017/02/09/sasans-shadow-an-ultra-mega-power-projects-dark-side/ (February 9, 2017)

Letter to the Office of the Inspector General, Ex-Im Bank United States: https://lokhitsamiti.wordpress.com/2015/12/20/letter-to-ex-im-inspector-general-sasan-project-22-jul-2014/

Report on the Project Financing of Sasan Power Limited by Office of the Inspector General, Ex-Im Bank United States: http://www.exim.gov/sites/default/files/oig/reports/Final%20Sasan%20Report%20-%20Redacted.pdf

Statement by complainants on the report by Office of the Inspector General, Ex-Im Bank United States https://lokhitsamiti.wordpress.com/2016/02/09/us-ex-im-bank-confirms-serious-labour-rights-violations-at-reliances-sasan-power-project/

Article on Labour Rights Violations at Singrauli https://lokhitsamiti.wordpress.com/2016/02/09/us-ex-im-bank-confirms-serious-labour-rights-violations-at-reliances-sasan-power-project/

The US Export-Import Bank’s Dirty Dollars – U.S. tax dollars are supporting human rights, environment, and labour violations at the Sasan Coal-Fired Power Plant and Mine, in India http://carbonmarketwatch.org/wp-content/uploads/2013/07/Sasan_report_final__web.pdf

भारत में जलविद्युत विकास को बड़े पैमाने पर बढ़ावा

इस सेक्टर में निजी क्षत्रे को आकर्षित करने के लिए सरकार ने 2016 में इस पर चर्चा शुरू की कि नवीकरणीय ऊर्जा के क्षत्रे को और विस्तृत किया जाए ताकि 25 मेगावाट क्षमता से...

On May 21, 2018, the U.S. Supreme Court announced that it would hear the landmark lawsuit, filed by the villagers of Mundra, challenging the absolute immunity of powerful institutions like the International Finance Corporation (IFC). The villagers are affected by the coal-fired Tata Mundra Ultra Mega Project, which was partially funded by the IFC.

This will be the first time the US Supreme Court will address the scope of international organisations’ immunity.

Visit here to know more about the case or to access the documents.