Letter to private banks on Theun-Hinboun Expansion Project

International Rivers and the BankTrack network sent this letter to private banks who were listed as considering financing Laos’ Theun-Hinboun Expansion Project to express doubts about the project’s compliance with the Equator Principles, a set of voluntary social and environmental standards for private banks.On October 10, 2008, financial close was achieved. Financing is being provided by ANZ Bank of Australia, BNP Paribas, KBC, Bank of Ayudhya, Kasikorn Bank, Siam City Bank, Thanachart Bank and the Thai Export-Import Bank.