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Big Push for the Development of Hydropower in India

It is noteworthy that currently, coal-based power projects are under threat due to lack of coal linkages and power purchase agreements, thus stalling many existing power projects and discouraging many companies from expanding to new coal power projects. This would give a boost to hydropower projects in many regions, especially in the Himalayan regions.

Afzar Jaffri on The Water sector and International Financial Institutions

At the Kharghar meeting on IFIs in India, Civil Society researchers discussed Understanding IFIS – Investments, intelligence and trends in critical sectors.

Transport and International Financial Institutions: Rajendra Ravi

Overlap of Issues on Key Sectors in relations with International Financial Institutions. IN Transport, the emphasis seems to be on high-cost travel and with pricing systems that push the poor into more inconvenient modes.

Smart Cities and International Financial Institutions

Overlap of Issues on Key Sectors in relations with International Financial Institutions. Smart Cities project will make pockets of the cities exclusive zones high-cost zones, which will again result in the marginalised being excluded into dense low-grade services area.

The Role of IFIs in the Development Agenda

Ulka Mahajan on the Context of the Role of IFIs in the Development Agenda

PPPs, Infrastructure, and Economic Development

Shalmali Guttal, Focus on the Global South, discusses the IFIs, PPPs, Infrastructure, and Economic Development.

Seminar on the Role of Infrastructure Finance and Newer Development Banks

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Seminar on the Role of Infrastructure Finance and Newer Development Banks

for

 Peoples’ Convention on Infrastructure Financing

 A peoples’ response to AIIB’s Annual Meeting

Invitation

A seminar is being organised on the Role of Infrastructure Finance and Newer Development Banks on the 7th of June at Gandhi Peace Foundation at 2:00PM. The seminar is being organised by the Delhi chapter of the Working Groups on International Financial Institutions. It will be a build-up to the larger People’s Convention of Infrastructure Financing that is being organised in Mumbai (21st-23rd June) as a counter to Asia Infrastructure Investment Bank’s 3rd Annual Meeting (25th-26th June).

As the youngest multilateral development bank on the bloc, AIIB will be using its meeting to project itself as a complementary entity to the already established developmental institutions rather than as a competitor. Civil Society cannot let this Annual Meeting happen without raising critical concerns about a growth-led development that AIIB purports to prioritize. The People’s Convention on Infrastructure Financing is a window of opportunity for peoples’ movements to disrupt AIIB’s alleged priorities by holding them accountable, transparent, and responsible with their investments. 

The People’s Convention will bring together groups and affected communities from across the country to discuss their vision of development. The Convention will also share stories of resistance and alternate visions on development along with demanding constitutional guarantees regarding meaningful and informed consultations and rights of communities in planning and development. Various workshops will be held on urban development, transportation, coastal protection and coastal communities, sustainable energy and equity, against privatization along with groups monitoring financial institutions and their policies and projects in the country.

The seminar in Delhi hopes to address, discuss, debate various issues related to the infrastructure financing and the role of international financial institutions. The following are the themes that the talk will cover:

  1. Role of IFIs with a focus on the New Development Banks
  2. Geopolitics influences international financing.
  3. Questions around Infrastructure finance

Venue: Gandhi Peace Foundation, Pragati Maidan, New Delhi-110001.

Time: 2:00PM

The seminar will be addressed by: 

  1. Soumya Dutta (PAIRVI)
  2. Sridhar Ramamurthy (ENVIRONICS)
  3. Rajendra Ravi (NAPM).

 

Press Release:People’s Movements Determined to challenge the unbridled expansion of infrastructure financing by international financial institutions

Chennai: June 4, 2018

• Peoples Movements & CSOs to organise Peoples’ Convention on infrastructure financing coinciding the 3rd Annual Governors Meeting of Asian Infrastructure Investment Bank (AIIB) in Mumbai
• Determined to challenge the unbridled expansion of infrastructure financing by international financial institutions

Posing a challenge to the rapid expansion plans of international financial institutions like AIIB, people’s movements, civil society organisations and their allies are holding a Peoples’ Convention in Mumbai just days before the 3rd Annual Meeting of AIIB. This was announced by the Working Group on International Finance Institutions (WGonIFIs) in a press conference in Chennai today. WGonIFIs is a platform of a large number of people’s movements and CSOs fighting against negative impacts of large infrastructure projects, financed by international capital, like bullet trains, energy projects, large commercial ports and transport projects.

“Looking at the history of IFI investments in India, like that of the World Bank, where a large number of people has been severely impacted due to rapid expansion of mega infrastructure projects, we are concerned that a new infrastructure investment bank like AIIB without even the basic social environmental safeguards will take away people’s rights over natural resources, deprive them of their livelihood and impact the climate, causing irreversible damages”, energy and climate change expect Soumya Dutta said.

In the Chinese led bank AIIB, India holds the second largest shares, next to China and is a favourable destination of their investments securing 25% of the already approved lending. Within a short span of 3 years, India received loans worth $1.2 bn, out of a total $4.4 bn. The approved projects for India include transmission lines in Tamilnadu, rural roads in Madhya Pradesh and Gujarat, 24 X7 electricity for Andhra Pradesh, financial intermediary India Infrastructure Fund. The highly controversial Amravati capital city project is under the consideration of AIIB Board. Another $3 bn worth projects are in the pipeline for India.

Senior activist Jesuratnam from the Coastal Action Network, Tamilnadu said that “Infrastructure banks like AIIB is likely to investment in projects like Sagarmala which has three coastal economic zones in Tamilnadu comprising of ports, roads and associated infrastructure which will disrupt fishing operations and livelihood of fisherpeople. Large-scale infrastructure will not only displace and destruct the livelihoods but lead to disruption of coastal ecology and public indebtness”.

People’s organisations, CSOs and concerned citizens, under the aegis of WGonIFIs will be holding a Peoples’ Convention in Mumbai from June 21-23, just days before the official annual meeting which will be held in the same city from June 25-26. The Convention will bring together people fighting against large infrastructure projects, and people negatively impacted by the international financial institutions financed ‘development projects’ in the country.

Some of them include, National Alliance of People’s Movements, Bhumi Adhikaar Andolan, National Fishworkers’ Forum, Natioanl Hawkers Federation, Narmada Bachao Andolan, North East Peoples’ Alliance, Guajrat Khedut Samaj and All India Union of Forest Working People.

“The program will bring voices from across the country who are affected by large infrastructure projects and will devise strategies to make financiers accountable to the people’, co-ordinator of the People’s Convention Maju Varghese said.

The People’s Convention will witness coming together of over 250 groups, deliberations in around 20 parallel workshops on the impacts of international lending, cultural expressions of protests and mass action.

For more information on the Peoples Convention visit http://www.wgonifis.net

Contact: Maju Varghese: wgonifis@gmail.com | 8826249887

ऊर्जा के क्षेत्र में वित्तीय संस्थाओं की भूमिका

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आमंत्रण
एशियाई इंफ्रास्ट्रक्चर इंवेस्टमेंट बैंक (AIIB) की भोपाल में आयोजित बैठक के संदर्भ में “ऊर्जा के क्षेत्र में वित्तीय संस्थाओं की भूमिका” विषय पर विमर्श

वक़्ता:
श्री सौम्या दत्ता, पर्यावरणविद एवं ऊर्जा विशेषज्ञ
श्री राजेंद्र कोठरी, लघु एवं माध्यम उद्योग संगठन
श्री राजकुमार सिन्हा, बर्गी बाँध विस्थापित एवं प्रभावित संघ
श्रीमती चित्तरूपा पालित, नर्मदा बचाई आंदोलन

26 मई 2018, वीरेंद्र तिवारी कक्ष,हिन्दी भवन, भोपाल

साथियों,

आगामी 21-22 मई को एशियाई इंफ्रास्ट्रक्चर इंवेस्टमेंट बैंक (AIIB) अपनी ऊर्जा संबंधी निवेश नीतियों के संदर्भ एक बैठक भोपाल में आयोजित कर रहा है। एआईआईबी दो वर्ष पुराना एक बहुपक्षीय बैंक है जिसका ना तो मजबूत ‘पर्यावरणीय-सामाजिक उत्तरदायित्व’नीति है, ना ही किसी प्रकार का शिकायत तंत्र है जिसके चलते इसे जबाबदेह ठहराया जा सके। हाल ही बना यह बैंक, भारत के विभिन्न राज्यों में आधारभूत संरचनात्मक विकास की कई परियोजनाओं में बड़े पैमाने पर निवेश कर रहा है जिसमें ऊर्जा प्रमुख रूप से है। भोपाल में आयोजित बैठक का उद्देश्य प्रदेश के ऊर्जा क्षेत्र में निवेश को बढ़ावा देना ही है। बैंक की कार्यप्रणाली और निवेश नीति पर कई लोग गंभीर सवाल उठा रहे है इसलिए हमें लगता है कि ऊर्जा जिसे हम बिजली के रूप में समझते है,और वित्तीय संस्थानों कि भूमिका के बारे में व्यापक और बहुपक्षीय चर्चा करने की आवश्यकता है।

हमारे प्रदेश में उपभोक्ताओं को देश में सबसे अधिक बिजली बिल का भुगतान करना पड़ता है जो दिल्ली की तुलना मे तीन गुना अधिक है । जबकि हम अन्य राज्यों को सस्ती दरों में बिजली बेचते है। प्रदेश में बिजली उत्पादन करने की क्षमता 20028 मेगावाट है जिसमें 9390 मेगावाट निजी क्षेत्र से आता है। लगभग 10638 मेगावाट का उत्पादन क्षमता रखने वाली प्रदेश कई सार्वजनिक इकाइयां कोयला इत्यादि के अभाव में बंद पड़ी हैं या अपनी क्षमता से कम उत्पादन कर रही है। निजी पॉवर हाउस कंपनियों से हुए करार के चलते राज्य सरकार निजी कंपनियों द्वारा उत्पादित बिजली खरीदने के लिए बाध्य है। ना खरीदने पर कंपनियों को बेवजह मोटी रकम का भुगतान करना पड़ रहा है। पीक आवर यानि जब प्रदेश को सबसे अधिक मात्र में बिजली की आवश्यकता होती है, के समय में हमारी जरूरत 11500 मेगावाट की है जो उत्पादन क्षमता का लगभग आधा है। प्रदेश में जरूरत से अधिक बिजली (सरप्लस) होने बाबजूद एक तिहाई गरीबों को बिजली नहीं मिल पा रही है। इसके बाबजूद बिज़ली उत्पादन के क्षेत्र में लगातार निवेश को प्रोत्साहित किया जाना कहाँ तक उचित है?

प्रदेश की मौजूदा परिस्थिति ऊर्जा क्षेत्र की जटिलताओं पर व्यापक बहस चलाने व अपनी समझदारी को अधिक साफ़ करने की मांग करती है इसलिए इसी क्रम में “ हम सब” जो की एक अनौपचारिक समूह है, द्वारा 26 मई2018 को वीरेंद्र तिवारी कक्ष, हिन्दी भवन,भोपाल में शाम 6 बजे से “ऊर्जा के क्षेत्र में वित्तीय संस्थाओं की भूमिका” विषय पर विमर्श का आयोजन किया जा रहा है । विमर्श को प्रसिद्ध पर्यावरणविद और ऊर्जा विशेषज्ञ सौम्या दत्ता, राजेंद्र कोठारी, राजकुमार सिन्हा,और नर्मदा बचाओ आंदोलन से चित्तरूपा पालित मुख्यरूप से संबोधित करेंगे ।

आप से आग्रह है इस महत्वपूर्ण विषय पर आयोजित विमर्श में अपनी भागीदारी सुनिश्चित करें ।

निवेदक

रघुराज सिंह (मो. 09425300846) , राजेंद्र कोठारी (मो.09893016682), गौरव (मो. 09425089369)

Financial Analysis of the Blue Economy: Sagarmala’s Case in Point

Financial Analysis of the Blue Economy: Sagarmala’s Case in Point by Dr Himanshu Damle of Public Finance Public Accountability Collective, New Delhi and could be reached at himanshudamle@pfpac.net The article was originally published here in an abridged form.

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