Global call to Exim Bank of India to Stop support for the Rampal Coal Power plant

(Bank Track, Nijmegen, 19 April 2016) The proposed Rampal coal-fired power plant (also known as the Maitree Super Thermal Power Project) in Bangladesh with the EPs. A July 2015 research report (pdf) shows that serious deficiencies in project design, planning, implementation and due diligence obligations render the project non-compliant with the minimum social and environmental standards established by the Equator Principles, as well as the International Finance Corporation’s Performance Standards which are a key part of the EPs. The Rampal coal plant is a proposed 1320-megawatt (MW) coal-fired power station to be located at Khulna division in southwest Bangladesh. The project is a 50:50 joint venture between the Bangladesh Power Development Board (BPDB) and India’s partly state-owned National Thermal Power Corporation (NTPC), which signed a Memorandum of Understanding in August 2010 to jointly implement the project by 2016. The Indian Exim Bank is the main financier of the project and a coalition of Indian and Bangladesh organisations as well as European environmental and finance monitoring NGOs are petitioning them to refrain from financing the Rampal coal power plant.