'Cultural' Tag Archive

Jul 18 2003
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Violation of the Equator Principles by the $400 Million Loan to Landsvirkjun


International Rivers Network

The $400 million loan for Iceland’s National Power Company

On July 9, 2003, a $400 million revolving credit was signed by Iceland’s National Power Company (Landsvirkjun) and a consortium of 19 banks. The mandated arrangers of the loan are Barclays Bank (UK), Sumitomo Mitsui Banking Corporation (Japan), SEB (Sweden), and Societe Generale (France), with shares of $31 million each. The other members of the consortium are CDC IXIS (France), Danske Bank (Danmark), DePfa Group (Germany/Ireland), Dexia Group (France/Belgium), Fortis Bank (Netherlands), Islandsbanki (Iceland) and Landesbank Baden–Wuertemberg (Germany), with $25 million each; Deutsche Postbank (Germany), KBC Bank (Belgium) and Norddeutsche Landesbank Girozentrale (Germany), with $17 million each; and BNP Paribas (France), Deutsche Bank (Germany), JP Morgan (USA), Kaupthing Bunadarbanki (Iceland) and Landsbanki Islands (Iceland) with $10 million each. Read More

Jun 26 2003

A Project on Thin Ice


saudarfalls

International Rivers Network
1847 Berkeley Way, Berkeley, CA 94703, USA,  irn at irn.org

An Analysis of the Karahnjukar Hydropower and Reydaral Aluminum Smelter Project in Iceland

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Náttúruvaktin