French banks say no to Bangladesh coal plant | Janaki Lenin

Three French banks say they will not invest in Rampal power plant in Bangladesh. As the plant struggles for funding, a report says it is non-compliant with minimum environmental and social standards

Three French banks have said they will not invest in the Rampal power plant, Bangladesh. Six months earlier, two Norwegian pension funds pulled out their investments from India's National Thermal Power Corporation that is building the project.

During his visit to Bangladesh on 6 June 2015, Indian prime minister Narendra Modi endorsed the 1,320 MW Rampal coal- based thermal power project. He said,