การตรวจสอบโครงการ
North Dhaka Waste to Energy Project
COUNTRY: Bangladesh
APPROVED FUNDING: USD100 million
FINANCING TYPE: Nonsovereign
The North Dhaka Waste-to-Energy Project is a 42.5 MW incineration facility situated near the Amin Bazar landfill, co-financed by the China-led Asian Infrastructure Investment Bank (AIIB) with a $100 million non-sovereign loan, and the New Development Bank (NDB), aiming to process municipal solid waste into energy through four 750-ton/day incineration lines and twin 35 MW turbo-generators connected to Savar’s grid. It is Bangladesh’s first large-scale waste-to-energy venture, categorized as AIIB Environmental & Social Category A, necessitating an ESIA, ESMP, and corrective action plan to address legacy land-acquisition issues and ongoing environmental risks. However, civil society watchdogs like CLEAN and urgewald have raised alarm over potentially higher greenhouse gas emissions (estimated at 8.3 million tons CO₂ equivalent over 25 years), toxic air pollutants (dioxins, heavy metals), and poor waste-quality control, which may undermine Bangladesh’s climate commitments. Critics also point out that weak waste collection systems could threaten plant operations, while energy tariffs set at over twice the current cost may burden taxpayers. Local environmental groups have emphasized deficiencies in public consultation, community grievance mechanisms, and transparency—citing AIIB’s historical track record of excluding affected communities during project approvals. As Bangladesh seeks sustainable waste solutions, the North Dhaka WtE project's technical ambitions must be balanced with stronger social and environmental accountability to ensure it genuinely serves both urban sanitation and climate-resilient development.
Read the AIIB Observer Volume 3
Balakot Hydropower Development Project
COUNTRY: Pakistan
APPROVED FUNDING: USD250 million
FINANCING TYPE: Sovereign
The Balakot Hydropower Project in Pakistan is a 300 MW run-of-river initiative on the Kunhar River, financed by the Asian Infrastructure Investment Bank (AIIB) with a $250 million sovereign loan alongside a $300 million loan from the Asian Development Bank (ADB), intended to boost renewable energy generation (1143 GWh annually) and local employment. Despite its clean energy aims, the project has drawn widespread local backlash: residents and local councils are protesting ongoing land acquisition practices, demanding that affected families receive fair compensation, employment opportunities, and respect for ancestral sites—threatening to block major roads in response. Authorities have reportedly demolished structures and deployed police to protect Chinese engineers and workers amid community tensions. The Khyber Pakhtunkhwa government has also issued delay notices to contractors due to slow progress. Critics contend that although AIIB and ADB classify the project as environmentally sound under their frameworks, on-ground realities suggest weak community engagement, inadequate grievance redressal, and contested livelihood impacts. As such, Balakot offers a cautionary tale: major hydropower projects financed by global banks must pair technical and environmental standards with meaningful local accountability to avoid marginalizing host communities.
Read the factsheet.
Bangalore Metro Rail Project - Line R6
COUNTRY: India
APPROVED FUNDING: USD335 million
FINANCING TYPE: Sovereign
The Bengaluru Metro’s ORR–Airport Line (Phases 2A and 2B), stretching 58.19 km from Central Silk Board to Kempegowda International Airport via KR Puram, is a transformative infrastructure project aimed at easing urban congestion and improving airport connectivity. Funded by a mix of public and external sources—including the Asian Development Bank (ADB), Japan International Cooperation Agency (JICA), and controversially, the China-led Asian Infrastructure Investment Bank (AIIB)—the project has drawn scrutiny from civil society organizations like Growthwatch, which have raised concerns over AIIB’s opaque financing practices and lack of strong accountability safeguards. While ADB has provided a $500 million loan and a $2 million grant to support inclusive, transit-oriented development, and JICA has offered ₹3,717 crore, AIIB’s growing footprint in Indian infrastructure is criticized for prioritizing geopolitical interests over local participation and environmental transparency. Construction began in 2021, with official targets set for completion by 2026, though delays—especially in Phase 2B—remain a concern. Growthwatch has also flagged issues with land acquisition, labor conditions, and the need for greater community consultation. Despite these challenges, the metro line is expected to benefit over 1.6 million daily commuters and reduce dependence on road transport. However, as Bengaluru’s transport infrastructure grows, the role of financial institutions like AIIB must be critically examined to ensure democratic oversight, equity, and long-term sustainability in urban development.
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Bangladesh Bhola IPP
COUNTRY: Bangladesh
APPROVED FUNDING: USD60 million
FINANCING TYPE: Nonsovereign
The Bhola Independent Power Producer (IPP) project in Bangladesh is a 220 MW combined-cycle gas-fired power plant developed on Bhola Island by Nutan Bidyut (a subsidiary of Shapoorji Pallonji) under a Build-Own-Operate (BOO) model to address the country’s chronic power shortages. Co-financed by the Asian Infrastructure Investment Bank (AIIB)—which approved a $60 million non-sovereign loan in 2018—alongside the Islamic Development Bank and local financiers, the project was expected to generate over 1.3 TWh of electricity annually and began commercial operations in late 2019. While AIIB classified the project as Category B, implying limited environmental and social risks, and adopted frameworks for resettlement and stakeholder consultation, civil society organizations have strongly contested this assessment. In particular, CLEAN (Coastal Livelihood and Environmental Action Network), working with BWGED and NGO Forum on ADB, has played a central role in documenting serious harms caused by the project—including coerced land acquisition, destruction of farmland, waterlogging, river siltation, loss of grazing lands, and the absence of meaningful consultation or grievance redress mechanisms. In 2022, CLEAN co-filed the first formal complaint to AIIB’s Project-Affected People’s Mechanism, directly challenging the bank’s risk classification and safeguard enforcement. These findings have been echoed by international media, including Climate Home News, which criticized AIIB’s continued investment in fossil gas projects like Bhola IPP while sidelining renewable alternatives. Beyond research, CLEAN has also mobilized civil society campaigns and public actions urging AIIB to stop fossil fuel financing and adopt community-driven, sustainable energy models. Critics argue that the Bhola IPP reflects deeper structural issues in AIIB’s development approach—namely, opaque financing, weak local accountability, and inadequate environmental and social protections—particularly in contexts where civic space is limited. As such, the Bhola case serves as a warning of how large-scale, fossil-intensive energy infrastructure can disproportionately burden marginalized communities, underscoring the urgent need for transparent, inclusive, and rights-based alternatives in global energy investment.
Read: Lessons learned: Filing Bhola IPP complaint in AIIB’s project affected people’s mechanism
Unique Meghnaghat IPP
COUNTRY: Bangladesh
APPROVED FUNDING: USD110 million
FINANCING TYPE: Nonsovereign
The Unique Meghnaghat Power Plant in Bangladesh is a 584 MW combined-cycle gas-fired facility located along the Meghna River near Narayanganj, developed to strengthen the country’s electricity supply. While framed as a modern and “transition-ready” energy project—with features like hydrogen capability—it has faced criticism from civil society groups due to its environmental and social impacts. The project involved the acquisition of more land than officially reported, including agricultural fields and riverside areas crucial to local fishing communities. Many affected families reportedly received compensation far below market value, and the construction has led to issues like sand deposition on farmland, blocked grazing routes, and restricted river access. Although supported by international lenders under the banner of clean and reliable energy, the project has raised serious concerns about long-term fossil fuel dependency and the marginalization of local voices. Critics argue that the plant represents a continuation of top-down energy planning that prioritizes investment returns over community well-being and ecological sustainability.
Read: The Meghnaghat Power Plant: A Looming Burden on Bangladesh