Displaying 11 - 20 of 206

RBL in Indonesia and a grid modernization project in Nepal have been approved

Press Releases
The ADB Board approved on 24 November the $600 million results-based loan to help the country’s state-owned power company, State Electricity Corporation (PLN) expand electricity access and promote renewable energy in eastern Indonesia. The RBL also includes two grants, at $3 million each, from the…

Sustainable Energy Challenges in Developing Asia

Press Releases
Despite improvements in electricity access in recent years, there are still 155 million people that remain without electricity connections in developing Asia.[1]  This is compounded by the very low rates of access to clean cooking. According to the International Energy Agency (IEA)…

ADB awarded Development Financial Institution of the Year, three energy projects cited

Press Releases
For the third consecutive year, ADB was awarded the Development Financing Institution of the Year by IJGlobal, a leading project finance and infrastructure journal. Four ADB projects, three of which are from the energy sector were also cited for different award categories.The…

Energy SG Chief shares insights on ADB clean energy in latest Bloomberg New Energy Finance interview

Press Releases
Energy SG Chief Yongping Zhai in an interview with Bloomberg New Energy Finance (BNEF) published on 25 February shares his views and insights on how ADB had continued to support its developing member countries amidst the coronavirus pandemic, its contributions to climate finance, and the review and…

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…