Displaying 121 - 130 of 162

Lotus Wind Power Project in Viet Nam Signed

Press Releases
On 27 May, ADB signed a $116 million green loan with Lien Lap Wind Power Joint Stock Company (Lien Lap), Phong Huy Wind Power Joint Stock Company (Phong Huy), and Phong Nguyen Wind Power Joint Stock Company (Phong Nguyen) to build and operate three 48-megawatt (MW) wind farms, totaling 144 MW, in…

Nonsovereign solar power project in Viet Nam signed

Press Releases
ADB and Phu Yen TTP Joint Stock Company (Phu Yen JSC) signed a $186 million loan on 9 October to install 257-megawatt solar power plant in Hoa Hoi in Phu Yen Province through the first certified green loan in the country. The project will help the country shift from its dependence on fossil-fuel…

Solar power project in Bangladesh signed

Press Releases
On 10 June ADB signed a landmark loan with Spectra Solar Park Limited for a $17.7 million financing package that will install a 35-megawatt utility-scale solar photovoltaic plant in Bangladesh. The project is one of the first private sector solar plants to be financed by multilateral…

ADB Announces $6.5 Billion Initial Response to COVID-19 Pandemic

Press Releases
MANILA, PHILIPPINES (18 March 2020) — The Asian Development Bank (ADB) today announced a $6.5 billion initial package to address the immediate needs of its developing member countries (DMCs) as they respond to the novel coronavirus (COVID-19) pandemic."This pandemic has become a major global…

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…

Private sector loan for renewable energy and electric vehicle charging system signed between ADB and Energy Absolute

Press Releases
On 11 February, ADB and the Energy Absolute Public Company Limited signed a $47.62 million green loan that will finance the Nakornsawan Solar and Hanuman Wind power plants and deploy fast and standard chargers at charging stations across Thailand.The country intends to be the regional…

Project to improve energy access in Nepal approved

Press Releases
The ADB Board approved on 29 June the South Asia Subregional Economic Cooperation Power Transmission and Distributions Systems Strengthening Project that will finance the reinforcement and modernization of the power transmission system in Kathmandu Valley, Bharatpur metropolitan area of…