Lamu coal power plant
Kenya

The Lamu coal power plant is planned for construction on Kenya’s coastline, 20km from Lamu Island and its historic Old Town, a UNESCO World Heritage site and the oldest and best-preserved Swahili settlement in East Africa.

If completed, the plant would become Kenya’s single largest pollution source, more than doubling the country’s carbon emissions, and the toxic pollution from coal and ash would pose serious health risks to the surrounding communities. The plant would lock Kenya into high-carbon electricity generation for at least 30 years, when the country has abundant solar, geothermal, and other energy resources that are now cheaper than coal. In addition, the plant poses risks to Lamu’s marine environment, and many fear will harm its two most vital industries: fishing and tourism. 

Standard Bank, the Equator bank which is widely reported to have co-financed the plant, is also the current head of the Equator Principles Association Steering Committee, which coordinates the administration, management and development of the Principles. The bank recently denied that it is involved in the project, despite having previously reported itself that it has concluded the loan agreement.

Update: On October 16 2017, Standard Bank confirmed that they will not fund the proposed Lamu coal-fired power plant. The bank stated that it reviewed its opportunity to finance this project, but decided not to do so.

Equator banks involved

see the full profile at banktrack.org

Equator banks, act with courage, and step up your ambitions for EP4: stop financing climate change, respect indigenous people's rights, everywhere!

329 organisations support this call

*all fields are required

Only sign on behalf of your organisation if you are authorised to do so.

If you select 'No' you will miss out on further actions and developments of this campaign. Select 'Yes' if you want to stay in the loop. You can unsubscribe at any time. Click 'sign' below to continue.

This form is currently closed for sign ups

We will only list organisation name and country on the page here.

Read about our data protection policy.

×

Your email address is securely stored and we will not use it for any other purpose than the ‘Equator Banks Act!’ campaign. It will not be published on our website.

Your name and country, or the name and country of your organisation, will be added to the list of signatories on this website, and presented to the Equator Principles signatory banks to show your support for this call to action.

If you select ‘Yes’ for “Do you wish to be kept informed about this campaign?”, we will add you to our campaign mailing list. You can unsubscribe at any time, after receiving the first email, which will include an unsubscribe link.