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…
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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)…
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:…
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…
Priyantha joined ADB as Energy…
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…
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…
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%.…
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:…
Press Releases
On 27 November, the South Tarawa Renewable Energy Project in Kiribati was approved with funding $14.7 million from ADB’s Asian Development Fund, Strategic Climate Fund, and New Zealand. The project which is ADB’s first foray into the country’s energy sector aims to reduce the dominance of…
Press Releases
Joonho Hwang goes back to where it all started, this time to lead the division and continue the legacies built in years’ past. Upon assumption of office, Joonho will leave the Cambodia Resident Mission where he has been its Principal Portfolio Management specialist since 2018. Joonho holds a…