Displaying 61 - 70 of 191

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…

IED sector-wide evaluation of the 2009 Energy Policy and Program has been circulated to the Board

Press Releases
On 6 August, IED circulated the Sector-Wide Evaluation of the Energy Policy and Program 2009-2019 to the Board. Among the findings of the evaluation, energy sector projects from 2009 to 2019 were found to be 81% successful on average – which is greater than the ADB average of 65%.…

Memorandum of Agreement between ADB and Sustainable Energy for All signed

Press Releases
On 27 August, the MOU that seals the continued collaboration between ADB and SE4All was signed. The Agreement sets forth the framework of this collaboration in the areas of energy access, renewable energy, energy efficiency, and climate change. In particular, ADB and SE4All will work together in:…

Building Sustainability and Resilience in the Energy Sector

Articles
Read through what the experts, including Energy Sector Group’s own Chief - say about aligning power system planning and management with climate goals. The task is already complicated enough with meeting supply reliability and quality, and in recent years, the integration of renewables. But having a…

First wind power and battery energy storage loan in Thailand signed

Press Releases
The Southern Thailand Wind Power and Battery Energy Storage Project were signed on 18 May 2020 marking the first ever such installation to be constructed in the country. The $7.7 million-equivalent Ioan to the Lomligor Company Limited under ADB’s Private Sector Operations Department (PSOD)…

Two energy projects approved for Central and West DMCs

Press Releases
The Board approved on 28 September the $200 million policy-based loan that will strengthen the power sector in Uzbekistan. The Power Sector Reform Program will improve the financial sustainability of the sector, will help create an environment conducive to sustained investments,…

ADB Supports China Gas to Ensure Uninterrupted Gas Supplies to Combat COVID-19 in Hubei Province

Press Releases
BEIJING, PEOPLE’S REPUBLIC OF CHINA (31 March 2020) — The Asian Development Bank (ADB) and China Gas Holdings Ltd. (CGH) today signed a $20 million private sector loan agreement to support natural gas and liquefied petroleum gas (LPG) deliveries to households, hospitals, industry, and services…

Cambodia grid reinforcement project approved

Press Releases
The ADB Board on 11 September approved a loan to improve the transmission and distribution network in Cambodia. The concessional loan in the amount of $127.8 million from ADB’s ordinary capital resources is being supplemented by grants where $4.7 million will be coming from the Strategic Climate…