Tata Mundra UMPP(CGPL)

Coastal Gujarat Power Limited (―CGPL or the ―company) will build, own and operate a 4,000MW (5 units of 800 MW each) ultra mega‘ supercritical technology based power plant at the port city of Mundra in the Kutch district of Gujarat, India (the ―project). CGPL is sponsored by Tata Power Company Limited (―Tata Power) who owns 100 percent of CGPL. In May 2011, CGPL announced the successful completion of the steam blowing process at Unit 1. The four remaining units will be commissioned at subsequent intervals of four months each. The total project cost is estimated at about US$4.14 billion. IFC invested $450 million of its own capital in this project, which IFC has classified as a category A project, signifying that IFC believes there are potentially significant adverse social and environmental impacts that may be diverse or irreversible.

Financiers: A consortium of Banks including multilateral agencies and Exim Banks invests in this project which costs the US $4.14billion. Financing comprises of the equity of INR 42.50 billion, External Commercial Borrowings (ECB) of up to USD 1.8 billion and Rupee Loans of up to INR 55.50 billion. The ECBs include the International Finance Corporation, the Export‐Import Bank of Korea, Korea Export Insurance Corporation, the Asian Development Bank and BNP Paribas. National financial institutions (FIs) involved are SBI, the India Infrastructure Finance Company Ltd., Housing and Urban Development Corporation Ltd., Oriental Bank of Commerce, Vijaya Bank, State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Travancore and State Bank of Indore.

 

Engagement with Accountability Mechanisms:

Compliance Advisor Ombudsman:

 

Compliance Review Panel:

 

Challenging IFC’s immunity in US Federal Court:

Fishing communities and farmers from India filed a suit against the International Finance Corporation (IFC), the private-lending arm of the World Bank Group, in federal court in Washington, D.C. The fish workers community has alleged that the IFC caused the loss of their livelihoods, destroyed their lands and water, and created threats to their health by funding the Tata Mundra coal-fired power plant in Gujarat, India. Earths Right International is representing the fish workers community.

More information:

 

 Links to Important documents:

  • Comprehensive Environment Impact Assessment (CEIA):
  1. Volume I: http://www.ifc.org/ifcext/spiwebsite1.nsf/0/4FD3C63990A4CDA3852576BA000E32F8/$File/Comprehensive%20EIA-CGPL%20Vol1.pdf
  2. Volume II: http://www.ifc.org/ifcext/spiwebsite1.nsf/0/4FD3C63990A4CDA3852576BA000E32F8/$File/Comprehensive%20EIA-CGPL%20Vol2.pdf
  3. Volume III: http://www.ifc.org/ifcext/spiwebsite1.nsf/0/4FD3C63990A4CDA3852576BA000E32F8/$File/Comprehensive%20EIA-CGPL%20Vol3.pdf

 

  • Rapid Marine Environment Impact Assessment (RMEIA):
  1. Volume I: http://www.ifc.org/ifcext/spiwebsite1.nsf/0/4FD3C63990A4CDA3852576BA000E32F8/$File/Rapid%20Marine%20EIA-CGPL%20Vol1.pdf
  2. Volume II: http://www.ifc.org/ifcext/spiwebsite1.nsf/0/4FD3C63990A4CDA3852576BA000E32F8/$File/Rapid%20Marine%20EIA-CGPL%20Vol2.pdf
  3. Volume III: http://www.ifc.org/ifcext/spiwebsite1.nsf/0/4FD3C63990A4CDA3852576BA000E32F8/$File/Rapid%20Marine%20EIA-CGPL%20Vol3.pdf
  4. Volume IV: http://www.ifc.org/ifcext/spiwebsite1.nsf/0/4FD3C63990A4CDA3852576BA000E32F8/$File/Rapid%20Marine%20EIA-CGPL%20Vol4.pdf
  5. Volume V: http://www.ifc.org/ifcext/spiwebsite1.nsf/0/4FD3C63990A4CDA3852576BA000E32F8/$File/Rapid%20Marine%20EIA-CGPL%20Vol5.pdf

 

  • Supplemental Environmental Impact Assessment:
  1. Volume I: http://www.ifc.org/ifcext/spiwebsite1.nsf/0/4FD3C63990A4CDA3852576BA000E32F8/$File/Supplemental%20EIA-CGPL%20Vol1.pdf
  2. Volume II: http://www.ifc.org/ifcext/spiwebsite1.nsf/0/4FD3C63990A4CDA3852576BA000E32F8/$File/Supplemental%20EIA-CGPL%20Vol2.pdf
  3. Volume III: http://www.ifc.org/ifcext/spiwebsite1.nsf/0/4FD3C63990A4CDA3852576BA000E32F8/$File/Supplemental%20EIA-CGPL%20Vol3.pdf
  4. Volume IV: http://www.ifc.org/ifcext/spiwebsite1.nsf/0/4FD3C63990A4CDA3852576BA000E32F8/$File/Supplemental%20EIA-CGPL%20Vol4.pdf

 

 

 

Other Publications: