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Virtual ACEF commences today

Press Releases
The 15th Asia Clean Energy Forum (ACEF) kicks off today with deep-dive workshops in the afternoon. ACEF’s Week-at-a-Glance presents varied topics that are consistent with this year’s theme, Cross-sectoral Innovations for a Sustainable Future. You may have already enlisted in…

2021 Energy Policy paper circulated to the Board

Press Releases
In a memorandum of understanding the ADB signed with HSBC, Temasek, and Clifford Capital Holdings, a debt financing platform has been established to boost the commercial development of sustainable infrastructure projects in Asia. It will initially start with activities in Southeast Asia.
The…

ADB Board discusses the Energy Policy working paper today

Press Releases
The Board will discuss today the working paper of the proposed new Energy Policy. After conducting a series of pre-Board meetings, we hope this Board meeting will facilitate a consensus around the spirit and direction of the new Energy Policy which will guide energy sector operations in addressing…

ADB Energy Sector Group welcomes incoming energy directors

Press Releases
On 18 November, Toru Kubo assumed the position of Director, Energy Division at the Southeast Asia Department. Toru has been leading initiatives in energy access, clean energy, and climate change and has successfully represented SEEN in-country programming missions and other government dialogues and…

Energy operations continue to deliver as 2020 comes to a close

Press Releases
Three sovereign projects in the energy sector were approved during the past week helping increase the overall energy portfolio for the year despite the ongoing coronavirus pandemic.
On 27 October, a grant of $3 million from the Japan Fund for Poverty Reduction was approved to improve access to…

Energy sector 2020 investments approach $3.4 billion marks with more projects approved

Press Releases
Energy sector lending for the year looks to surpass investments done in 2019 by a billion dollars with the additional three projects approved in recent days. The ADB Board approved on 3 December a loan of $150 million for the Air Quality Improvement of the Greater Beijing-Tianjin-Hebei (BTH)…

Energy Sector Group Presentation to President Masa

Press Releases
At what has become an annual briefing with the ADB President, on behalf of the Energy Committee, Chief of Energy Sector Group Yongping Zhai made a presentation to President Masatsugu Asakawa on 29 May 2020. Yongping started with a brief overview of the shape of things to come in energy:…

Energy Sector Group welcomes new Energy Committee Chair

Press Releases
President Masa on 23 July appointed Priyantha Wijayatunga, as the new Energy Committee Chait following Ashok Bhargava’s retirement in June. Priyantha is currently Director of the Energy Division, South Asia Department (SAEN), a position he assumed in 2017.
Priyantha joined ADB as Energy…

Energy sector investments breached $4 billion in 2020

Press Releases
Initial numbers show total lending approved in the energy sector in 2020 reached $4.2 billion, up by 73% from 2019 volume of $2.41 billion.  Climate finance maintains its 50% share to total lending. Climate finance in the energy sector is estimated to have reached $2.3 billion consisting of…

Energy Transition Mechanism (ETM) launched at COP26

Press Releases
On 3 November, President Masa, Indonesia Finance Minister and ADB Governor Sri Mulyani Indrawati, and the Philippines Finance Secretary and ADB Governor Carlos Dominguez launched the Energy Transition Mechanism (ETM) at the UN Climate Change Conference of the Parties (COP26) in…