This is contrary to the claims made by NPCIL that it has adequate funding for Jaitapur project and international banks are keen on funding it. The top level authorities of NPCIL in the past claimed that financial institutions such as BNP Paribas have given commitment to provide financial support for the JNPP.
A letter written by Baudouin Prot, CEO, BNP Paribas Group to Kumi Nadoo, executive director, Greenpeace International, has mentioned that BNP Paribas' involvement in the project is at a primary phase as they have a basic mandatory role on the feasibility of a possible financing. This mandate incurs no obligations to provide or arrange finance but only to provide an opinion on its feasibility.
The letter also mentions that BNP Paribas has drawn up a policy in February 2011 regarding financing of nuclear power plants. “In countries concerned by a nuclear plant project, there must be national or local prevention and emergency plans that take in to account the country's specific geographical risks, particularly the risk of earthquakes and flooding. Read the full report here.
Source: Dianuke.org.
