This document is an effort to compile data of investments coming into India from MDBs, ExIm banks and other bilateral investments, to help understand the landscape of financing from these institutions and helping to...
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
Ever since the first lending from World Bank in 1949 worth $34 million to Indian Railways and the bilateral credit India received from the erstwhile USSR and USA in the early 50s, India has...
An Analysis of Parliamentary Debates in India on International Financial Institutions (1984-2009)