Displaying 31 - 40 of 208

ADB and IEA deepen collaboration in a new MOU

Press Releases
Building up on a Memorandum of Understanding signed in 2017 President Masa and International Energy Agency Executive Director, Fatih Birol signed a new MOU to deepen the collaboration between the two organizations particularly on energy sector resilience in Asia and the Pacific.The new 3-year MOU…

ADB and IEA identifies further collaboration

Press Releases
President Masa and IEA Fatih Birol held a videoconference on 8 June to discuss future collaboration between ADB and the IEA. ADB first signed a Memorandum of Understanding (MOU) with the IEA in 2017 to facilitate knowledge and analytical work to pursue clean energy development…

ADB Provides $346 Million Loan for Rural Electricity in Maharashtra, India

Press Releases
MANILA, PHILIPPINES (29 April 2020) — The Asian Development Bank (ADB) has approved a $346 million loan to India to help provide efficient and reliable power connection to rural agriculture customers in the state of Maharashtra.Maharashtra is the second-most populous state in India, and about…

Battery-Electric Bus Project in the Kyrgyz Republic approved

Press Releases
On 1 December, the Board approved the Urban Transport Electrification Project with ADB providing $50.65 million in loan and grants to the Kyrgyz Republic for the purchase of 120 modern, battery-electric buses that will replace outdated diesel and trolleybuses. The project will also upgrade the…

Board approves additional financing for the modernization of the electricity grid in Nepal

Press Releases
The Board, on 20 September approved increased financing of $60 million for the Electricity Grid Modernization Project in Nepal. The additional investments aim to increase electricity consumption per capita to 700 kilowatt hours by 2026 through the expansion of the transmission capacity and…

Draft Energy Policy paper circulated to the Board and made available to the public

Press Releases
On 4 May, the draft Energy Policy paper was circulated to the members of the ADB Board for their and capitals’ review. The draft Policy paper was also made available online on 7 May as part of the broader consultation process.A series of consultations will follow the disclosure of the draft Policy…

Government of Japan pledges $25 million for Energy Transition Mechanism

Press Releases
Following the launch of the Energy Transition Mechanism (ETM) on 3 November, the Government of Japan (GOJ) announced a grant of $25 million toward the Energy Transition Mechanism (ETM) partnership led by ADB. Vice-Minister for International Affairs at the Ministry of Finance of Japan Masato Kanda…

High-Level Technology Fund breaks new grounds: What we all need to know

Press Releases
Since it was the HLT Fund was established in 2017, it has supported 12 investment projects, 37 technical assistance projects, and 23 direct charges. As of December 2020, the Fund has received about $70 million from the Government of Japan to fund the increased use of high-level technology (HLT) in…

Power Distribution Modernization project in Timor-Leste approved

Press Releases
ADB approved a loan that will modernize the power distribution system in Timor-Leste and strengthen the utility, Electricidade de Timor-Leste in the amount of $35 million. The loan will help provide sustainable, reliable electricity to 12 municipalities in the country.The Power Distribution…

Regional technical assistance to accelerate clean energy transition in Southeast Asia underway

Projects
A technical assistance was approved in July to support developing member countries in Southeast Asia to phase out coal-fired generation plants and accelerate clean energy deployment in the region. One of the outputs of the TA is a feasibility study on the establishment, structure, mechanics, and…