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Update : 2015-07-12 22:20:30
Power Division on Financing Rampal Project

No fund sought from French banks

Staff Correspondent

No fund sought from French banks

Refuting a news that three French banks denied funding Rampal power project, Power Division on Sunday said that rejection of fund proposal is irrelevant so no fund were sought from the French banks.  A Power Division statement issued on Sunday mentioned that a news item published in different newspapers last week regarding rejection of fund for Rampal power project was not true.  “Various newspapers have reported that three French Banks namely, Credit Agricole, Sociate General and BNP Paribas would not invest at Rampal Power Plant. The fact is neither the Power Division nor the Rampal Power Plant implementing organization Bangladesh-India Friendship Power Company (Pvt.) Ltd (BIFPCL) has sent any request to these banks to finance or invest in the Rampal Power Project,” the statement reads.  “Therefore, the news of rejection by the French banks to finance Rampal Project is irrelevant,” it added. Meanwhile, the Power Division welcomes the decision of UNESCO to send its observers to the Sunderbans. “Power Division firmly believes that during the visit they will see the real position and after visit, their views on Rampal Project would change. They surely would carry a positive impression about the power project,” the statement said. On the alleged non-compliance of conditions stipulated by the Dedpartment of Environment for the Rampal project, the Power Division said, the DoE on 5 August 2013 approved Environmental Impact Assessment (EIA) Report for the 1320 MW Maitree Super Thermal Power Plant after stipulation 59 conditions (not 69 as alleged) for different stages of developing the power project.