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On the Road to Achieving Full Electrification in Sri Lanka

Reports and Publications
This study examines how Sri Lanka achieved countrywide electrification by 2016 and looks at its socioeconomic impact. It notes that electrification helped raise living standards and triggered rapid development in rural areas, creating new investment opportunities at the national level. The study…

Clean Energy Investment to increase to $1.7 trillion in 2023 – IEA

Press Releases
The International Energy Agency has projected for global energy investments to reach about $2.8 trillion in 2023, more than 60% of which or $1.7 trillion, will be spent on renewables, electric vehicles, nuclear power, grids, storage, low-emissions fuels, efficiency improvements and heat pumps. The…

ACEF 2023: Signed, sealed, delivered

Press Releases
One thousand plus participants from 65 countries around the world, including more than a hundred sixty representatives from ADB developing member countries, private and government entities, international organizations, and non-government organizations came together and put their stake in the energy…

Thailand Times: Thailand in the Race for EV Mass Adoption

Videos
Thailand aims to cut emissions from the energy and transport sectors by 7%-20% against a business-as-usual scenario as part of its goal to reduce greenhouse gas emissions by 20%-25% by 2030 compared to 2005. 
To achieve these goals, Thailand’s mass adoption of electric vehicles (EVs) is…

Nonsovereign Commercial and Industrial Rooftop project signed

Press Releases
On 11 September, ADB and GreenYellow Smart Solutions Vietnam Co., Ltd. signed a $13.8 million loan agreement to install rooftop solar photovoltaic (PV) systems on the rooftops of commercial and industrial businesses in Viet Nam. ADB is the mandated lead arranger of the financing package that…

Electric Buses to Reduce Air Pollution in Bishkek

Videos
The Urban Transport Electrification Project, which comprises a $25 million loan, a $25 million grant, and $650,000 in cofinancing from the High-Level Technology Fund, will finance the purchase of 120 modern, battery-electric buses that will replace outdated diesel and trolleybuses in Bishkek. The…

ADB approves project to digitalize Uzbekistan’s power network

Press Releases
The Distribution Network Digital Transformation and Resiliency Project was approved by the Board on 20 September 2023. The $200 million loan will help Uzbekistan’s power system reduce losses, enhance reliability of supply, and improve energy efficiency.
The project will upgrade 26 distribution…

ADB Approves ASSURE project in the Maldives

Press Releases
The Accelerating Sustainable System Development Using Renewable Energy (ASSURE) Project was approved by the ADB Board on 12 September 2023. This project builds on previous interventions by ADB, Preparing Outer Islands for Sustainable Energy Development (POISED) and subsequent additional…