issue on apeal for saving fuel ?
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A global coalition including BankTrack, Greenpeace International, Rainforest Action Network, and Indian and Bangladeshi civil society groups today issued an urgent appeal to the Export-Import Bank of India to abandon its plans to finance the construction of the Rampal coal power plant in Bangladesh and save the world-renowned Sundarbans wetlands from destruction.
The open letter calls on Exim Bank of India to live up to its own promise to ‘recognize its obligations as a citizen of the world' that acts ‘with due regard to public interest', and therefore not to support the destructive Rampal coal plant.
The Exim Bank of India currently intends to provide a USD 1.6 billion loan to the sponsor of the project, the Bangladesh-India Friendship Power Company Ltd, a joint venture between the Indian and Bangladeshi state-owned electricity providers (the National Thermal Power Corporation, NTPC, and the Bangladesh Power Division Board, BPDB, respectively). The bank is rumoured to be taking a final decision on the loan by July 2016.