Financial Institutions in India's Hydropower Sector
A Report by Peter Bosshard
Large dams like Three Gorges in China Sardar Sarovar or Maheshwar in India’s Narmada valley have become symbols of corruption, environmental degradation, and social destruction. “We are almost gun-shy of dams now,” says one official of a multilateral development bank: “The risks are great, the visibility is high, and the vulnerability is a constant concern.
The World Bank and other international financial institution have to a large extent withdrawn from funding controversial power plants directly. They still support domestic financial institutions and public utilities which in turn lund such projects. In the process, straightforward loans have been replaced by a maze of lending through intermediary institutions.
This report analyses the new trends in power finance. It looks at where the money comes from, which policies funders apply, and who can eventually be held, responsible for particular projects. The report also suggests how civil society can press for environmental sustainability, social justice, and democratic control within this new situation. The [ocus is on power projects in India, and on the role of international financial institutions.
As an NGO activist and researcher, Peter Bosshard has been involved in international campaigns on financial institutions and energy issues for 15 years. The new report is published by the South Asia Network on Dams, Rivers and People, Urgewald, and the International Rivers Network.
“The most percipient analysis of India’s hydro finance that I have ever seen" Robert Goodland, retired environmental advisor, the World Bank Group
Peter Bosshard, Power Finance: Financial Institutions in India's Hydropower Sector, herausgegeben vom International Rivers Network, von Urgewald und dem South Asia Network on Dams, Rivers and People, 130 Seiten, 35 Euro (10 Euro für Einzelpersonen/NGOs).
World Commission on Dams 
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