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World Energy Outlook 2020 to be released this week

Press Releases
The release of the World Energy Outlook 2020 has been scheduled by the International Energy Agency tomorrow, 13 October 2020. This year’s WEO will put the coronavirus pandemic (COVID-19) at the core of its analysis in its outlook, implications, and prospects for energy around the world.The long-…

16 ACEFs Done and Counting

Press Releases
The 16th Asia Clean Energy Forum closed on Friday, 18 June with the message: the time to act is now and there is strength in working together. During the ACEF Opening Plenary, President Masa urged everyone in attendance to take “bold action now and commit wholeheartedly to fighting…

2021 Energy Policy approved

Press Releases
On 20 October, the Board approved the 2021 Energy Policy to help ADB developing member countries accelerate the development of sustainable and resilient energy systems that provide reliable and affordable access for all, foster inclusive economic growth and social development, and support…

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in loan and grants to the Kyrgyz Republic for the purchase of 120 modern, battery-electric buses that will replace outdated diesel and trolleybuses.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…