40 News & Press Releases found
Asian Development Bank News
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ADB, India Sign $200 Million Loan to Support Renewable Energy Projects
The Asian Development Bank (ADB) and the Government of India have signed a $200 million loan agreement to support lending by Indian Renewable Energy Development Agency (IREDA) to eligible renewable energy subprojects in India. The loan is the first ...
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Turkmenistan, Afghanistan, Pakistan and India Establish Landmark TAPI Pipeline Company
The four state gas companies of Turkmenistan, Afghanistan, Pakistan, and India have established a company that will build, own and operate the planned 1,800-kilometer Turkmenistan-Afghanistan-Pakistan-India (TAPI) natural gas pipeline. State Concern ...
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Innovative ADB Loan to Help Unlock Indonesia’s Clean Energy Potential
The Asian Development Bank (ADB) will provide a loan of up to $50 million, supported by the Clean Technology Fund, to share risks with the private sector during the project development and exploration phase of the Rantau Dedap geothermal project in ...
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ADB Supports Renewable Energy by Investing in Indonesian Geothermal Plant
The Asian Development Bank (ADB) has signed a $350 million financing package supporting the construction of the 320 megawatt Sarulla Geothermal Power Development Project in North Sumatra, Indonesia, an investment expected to unlock clean energy ...
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The People’s Republic of China to Demonstrate First-of-its-kind Concentrated Solar Thermal Power Plant
The Asian Development Bank (ADB) is helping the People’s Republic of China (PRC) build a first-of-its-kind, large-scale concentrated solar thermal power (CSP) plant in the northwestern province of Qinghai to produce clean energy and cut carbon ...
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Asia`s Future Prosperity Requires Major Change in Energy Use
Asia is moving along a dangerously unsustainable energy path that will result in environmental disaster and a gaping divide in energy access between rich and poor unless the region dramatically changes course, says a new Asian Development Bank (ADB) ...
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ADB and Korea Transport Institute sign agreement to promote energy efficiency
The Asian Development Bank (ADB) today signed a memorandum of understanding with the Korea Transport Institute (KOTI) to focus on low-carbon green growth in the transport sector. The agreement, signed in Manila, pledges stronger cooperation in ...
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Indonesia`s energy sector gets $400m from global climate funds
Indonesia`s geothermal power capacity is set to nearly double following the endorsement of a new climate investment fund plan. The $400 million plan, endorsed by the Trust Fund Committee of the Clean Technology Fund (CTF), will help transform ...
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Spain provides additional $10 million for water, clean energy funds
The Government of Spain is providing an additional $5 million each to the Asian Development Bank (ADB)-administered Water Financing Partnership Facility (WFPF) and Clean Energy Financing Partnership Facility (CEFPF). `The two facilities were ...
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ADB conference promotes investments in Indonesia`s energy efficiency sector
Investments in energy efficiency solutions in Indonesia offer a potential $4 billion market for commercial banks and the industrial sector, a Jakarta conference co-organized by the Asian Development Bank (ADB) heard today. `Indonesia`s energy ...
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Asia-Pacific must invest up to US$9.7tr by 2030 to meet energy needs
The Asia and Pacific region must invest between $7 trillion and $9.7 trillion in the energy sector from 2005 to 2030 to meet the rapidly growing demand for energy in the region, according to a new report released by the Asian Development Bank (ADB). ...
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ADB to extend US$780m to Pakistan for energy efficiency
The Asian Development Bank (ADB) is extending $780 million to Pakistan through a multitranche financing facility for priority energy efficiency projects that will secure the country`s growing energy needs and reduce its reliance on costly, polluting ...
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ADB, Japan target low-cost, reliable power for poor Mongolian communities
The Asian Development Bank (ADB) and Government of Japan are funding a pilot project in Mongolia which is expected to pave the way for the delivery of low-cost, reliable electricity to poor, remote communities across the country. The Japan Fund for ...
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ADB supports clean waste-to-energy project in the PRC
The Asian Development Bank (ADB) has signed an agreement to lend up to $200 million to China Everbright International Limited to develop waste-to-energy plants in secondary cities across the People`s Republic of China (PRC). It will mark ADB’s first ...
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ADB to help deliver renewable energy to the Pacific
The Asian Development Bank (ADB) is providing assistance to the Pacific to help design and deliver renewable energy products to the region through a $3 million grant for the development of small pilot projects in Papua New Guinea, Solomon Islands, ...
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Mekong nations to expand energy cooperation beyond electric power sector
Ministers from the six Greater Mekong Sub-region (GMS) nations have endorsed a comprehensive plan of action to expand and strengthen cooperation in key areas, including energy and human resource development. In a joint statement delivered at the ...
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New ADB policy targets secure, clean energy for Asia
The Asian Development Bank’s (ADB’s) Board of Directors has approved a new energy policy to help Asia and Pacific countries secure adequate energy supplies while cutting levels of greenhouse gas emissions. The 2009 Energy Policy follows a review ...
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New partnership aims to expand access to modern energy to 100m people by 2015
The Asian Development Bank (ADB) has launched an Energy for All Partnership that aims to provide access to modern energy to an additional 100 million people in the Asia-Pacific region by 2015. More than 800 million people in the region have no ...
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ADB aims to double clean energy investments in Asia to US$2bn a year
The Asian Development Bank (ADB) is to substantially increase its clean energy investments to $2 billion a year from a previous target of $1 billion, in a bid to accelerate low carbon growth and reduce greenhouse gas emissions in the region. The ...
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ADB extends US$160m in Loans for Sri Lanka`s Power Program
The Government of Sri Lanka’s push to expand and improve its electricity services, especially to the poor and those living in conflict-affected areas, will receive support from the Asian Development Bank (ADB). ADB’s Board of Directors today ...