The Real Cost of Power - Bank Information Center

Section V-Conclusion
The team, after taking into consideration all the facts and information it had access to, upon meeting the company and
the affected communities, and after making multiple field visits to ascertain the facts, comes to the conclusion that:
The project has disproportionately high social, environmental, and economic costs.
The company, the licensing agencies of the Government of Gujarat and India, and the national and international
financial institutions have either ignored or wilfully neglected the social and environmental high costs and did
little to mitigate them.
The Social Impact Assessment and Environmental Impact Assessment are misleading and erroneous, having
excluded a large number of communities whose loss of livelihood was overlooked. Cumulative impact studies
required to understand the overall impacts were not done.
Both the governments and the IFIs failed to earnestly monitor the adherence to laws and their safeguard
polices.
The failure to monitor contributed to the continuance of the violations by the company.
The governments and the IFIs are equally complicit in the violations by the company.