প্রজেক্ট মনিটরিং
Hin Kong 1,400MW Gas-fired Independent Power Producer Project
COUNTRY: Thailand
In January 2022, over 50 civil society organizations sent a unified letter to AIIB’s leadership urging them to halt proposed funding for the 1.4 GW Hin Kong gas-fired power plant and 33 km pipeline in Thailand. The letter raised serious concerns that the project, classified as high-risk, lacked updated demand forecasts, ignored Thailand’s latest energy and climate commitments, and contradicted AIIB’s own Paris-aligned financing objectives. The project sponsors, linked to corporations with histories of environmental and social harms—including involvement in a dam collapse in Laos—were flagged as high-risk actors. The letter also highlighted inadequate public consultation amid pandemic-related constraints and unclear access for affected communities to AIIB’s grievance mechanism. Civil society argued that investing in this oversized fossil fuel infrastructure would entrench volatility, perpetuate emissions, and siphon scarce finance away from decentralized, clean energy alternatives better suited to Thailand's evolving energy landscape. The letter urged AIIB to join multilateral peers in stepping back from this ill-suited investment and refocus on climate-conscious, community-aligned energy solutions.
Read AIIB Withdraw Proposed Financing for 1.4GW Gas Project and Pipeline in Thailand
Everbright Infrastructure Investment Fund II
COUNTRY: Multi-Country
APPROVED FUNDING: USD100 million
FINANCING TYPE: Nonsovereign
The AIIB’s $100 million funding for China Everbright International Limited (CEIL) has sparked backlash due to Everbright’s long-standing record of corruption, pollution, and unethical conduct—both in China and abroad. Critics highlight CEIL’s waste-to-energy projects as emblematic of this troubling history: community exclusion, environmental contamination from fly-ash, and schemes that suppress local dissent—impacting farmers and waste-pickers. Despite AIIB’s green financing commitments, CEIL has also invested in coal plants, exposing inconsistencies in the bank’s safeguards and transparency. The partnership with Everbright Bank—a state-owned institution recently implicated in high-level corruption cases—raises deeper concerns around due diligence and ethical standards. Calls for greater accountability are growing, demanding that AIIB prioritize planetary health and community rights over short-term corporate gains in the face of a global climate emergency.
Read AIIB’s Troubling Partner: China Everbright bank’s history of corruption raises serious concerns