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Indian Ministry Refuses To Approve Expansion Of IFC-Funded Tata...

2014-09-05 23:22:39| Steel - Topix.net

First, the World Bank Group's International Finance Corporation refused to finance an expansion of the dirty, destructive Tata Mundra coal-fired power plant back in May. Now it seems Indian courts have agreed that the wide-reaching effects of this coal project are too controversial to move forward with the proposed expansion. Last week, the Indian Supreme Court delivered a one-two punch to the Indian coal industry in a series of landmark rulings that further call into question the viability of the nation's faltering coal industry.

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