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Gujarat fishermen sue IFC in US Court for funding Tata Power’s Mundra UMPP
Author: Premal Balan, TNN , Published on: 5 May 2015
Fishing communities and farmers from Mundra in Kutch district…filed suit against the International Finance Corporation (IFC), the private-lending arm of the World Bank Group, in federal court in Washington, DC, through their representative EarthRights International (ERI). The IFC provided a $450 million loan to the Tata Mundra UMPP. As per IFC's rules demand that its borrowers take precautions to protect vulnerable communities' and the environment. IFC is under obligation to supervise, monitor and enforcing these rules. The fishermen have 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 Power's coal-fired ultra-mega power plant in Mundra, Kutch.
Related companies: Tata Group