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The World Bank is providing $840 million in investment lending to this natural gas-fired power plant. Local communities have expressed concern about issues related to water and land rights, loss of livelihood, inappropriate compensation, and coercion.
As a client of the IFC, Titan Group subsidiary Alexandria Portland Cement Company (APCC) is obliged to uphold the IFC’s Environmental and Social Performance Standards. APCC has been accused of violating these standards by damaging the health and livelihoods of the local community; violating labor and worker’s rights; and polluting the environment.
Archived Projects
BIC has worked on these projects in the past, but is no longer actively monitoring them.
The Greater Beirut Water Supply Project aims to provide potable water from the Litani and Awali rivers to the residents of the Greater Beirut Region and those in the low-income neighborhoods of Southern Beirut- The World Bank's $145 million loan for the West Delta project will finance the construction of an irrigation system that will divert water from the Nile to supply modern, export-oriented farms on reclaimed desert lands that have severely depleted groundwater sources.
- The controversy involves a three-year $51 million grant to the government of Yemen designed to support non-oil growth and to strengthen governance and public financial management. The Bank’s initial disclosure concerning the effort has been standard and minimal.
- Environmentalists, historians, and politicians alike are concerned about the shrinking of the Dead Sea over the past 40 years. Population pressure on water resources in the region and the management of the Jordan River basin, which feeds the lake, have contributed to the steady drop in the level of the Dead Sea – at a rate of more than one meter per year, by some estimates.