'Cultural' Tag Archive

Jul 18 2003
2 Comments

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@irn.org

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

Read More

Náttúruvaktin