Greenpeace on Tuesday claimed that two of the European banks, which were in the negotiations to fund the JNPP, will not invest in the project.
The campaign against Jaitapur Nuclear Power Project (JNPP) remained active on the second consecutive day as the Greenpeace on Tuesday claimed that two of the European banks, which were in the negotiations to fund the JNPP, will not invest in the project.
“We had written letters to eight European banks, which were involved in the negotiations with the Nuclear Power Corporation of India Limited (NPCIL) regarding the financial backing for the project. Out of these eight, two banks have responded saying they will not invest on the JNPP for a number of reasons,” claimed Karuna Raina, Nuclear and Energy Campaigner, Greenpeace India. She maintained that, considering the locals’ opposition to the project, lack of policy framework in India for nuclear waste disposal could be the reasons for such reply.
According to Raina, the two banks are Commerzbank and Deutsche Bank.
The NGO representative has also claimed that, Coface, the French export credit agency has submitted the Environment Impact Assessment (EIA) report work to two other agencies, one of which is from the US and other one is from Austria.
“Considering the flaws in the EIA report for JNPP, prepared by NEERI, the report along with 35 recommendations given by Ministry of Environment and Forests was sent for scrutiny by Coface in December 2010. The report is expected in two months,” said Raina.
As the ground-level agitation against the project is gearing up, the anti-project NGOs are building pressures on the foreign funding agencies and governments to scrutinise the project once again. “We will continue to work from the areas, where we are powerful,” an activist said.
Commenting on the safety issue of Evolutionary Pressurised Reactors (EPRs), Yves Marignac, an international consultant on nuclear and energy issues said that, the probabilistic approach that nothing will go wrong has taken a severe beating in the Japan incident. “The EPR is based on the same principle as older reactors and being more powerful, presents even more potential for catastrophe,” said Marignac.
If the organisation’s claims are to be believed, NPCIL the nodal agency of the project will have to face troubles not only from locals but also from its funding agencies.
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