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India - Ramky/03
Issue |
This third complaint regarding the Ramky project was filed with the CAO on October 14, 2007, signed by residents of the village of Gummidipoondi, Southern India, and the Corporate Accountability Desk in Mumbai. The complaint relates to the operations of an integrated hazardous waste treatment facility operated by the Ramky Group in the SIPCOT Industrial Area near Gummidipoondi village. Specific concerns raised in the complaint are:
- The local community has not given statutory permissions to the company to proceed – the local Panchayat has issued resolutions against the project;
- The environmental permitting process was flawed – an incomplete EIA was presented at public hearings;
- As a result, the complainants believe that the project violates municipal laws and IFC regulations.
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IFC Interest |
IFC disclosed its Summary of Project Information (SPI) on 10 May 2005. According to this information, IFC is proposing to provide up to US$20m in financing to the Ramky Group. Investments were made on 11 January 2008. The project purpose is to design, build and operate hazardous and municipal waste facilities at multiple locations in India. The project has been defined as Category B with respect to environmental and social impacts.
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Current Status
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CAO Compliance has conducted an appraisal and the report can be found below. The case is closed. |
Documents
CAO Appraisal Report for Audit of IFC - Case of Ramky Enviro Engineeers Limited (REEL) hazardous waste management facilities, India, June 16, 2008
English/pdf; Hindi/pdf |
Last updated: 08/01/2008
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