Displaying 121 - 130 of 162

ETM, Safeguards and a Just Transition

Press Releases
Transition to clean energy that entails transforming the structures and systems may come with it the tradeoffs of any shifts. The Energy Transition Mechanism ensures that any social, environmental, and economic costs of shifting from heavily depending on coal or other fossil fuels will be mitigated…

$21 million loan to construct landmark solar power plant in Azerbaijan signed

Press Releases
ADB and and Masdar Azerbaijan Energy Limited Liability Company (MAE) signed a $21.4 million loan agreement to finance Masdar’s 230-megawatt (MW) solar power plant near Alat settlement in Azerbaijan. It is the first significant private sector renewables investment in Azerbaijan’s history with long-…

Off-grid Renewable Hybrid Energy System in Altai, Mongolia commissioned

Press Releases
On 1 August, ADB and the Government of Mongolia inaugurated an off-grid hybrid solar energy system in Altai soum, in the western Gobi-Altai aimag. The system provides electricity to over 1,500 residents who would otherwise be without power considering the Altai mountains getting in between them and…

Loan supporting electricity, water, and wastewater utility reform in Palau approved

Press Releases
On 15 August, ADB approved a $5 million loan to improve the corporate governance and financial management of Palau Public Utilities Corporation (PPUC) in the areas of financial sustainability, efficient regulation, and tariffs. The loan will also help improve the policy environment for private…

Energy Sector Directional Guide disclosed to the public

Press Releases
On 25 August, the draft Energy Sector Directional Guide was made available to the public online. This is part of ADB’s process where all sectors are required to prepare directional guides on how each will advance Strategy 2030.
The Energy Sector Directional Guide breaks down into operational terms…

Townhall Meeting for the Energy Sector Directional Guide set

Press Releases
The Energy Sector Directional Guide will be presented to staff on 20 September at 2 o’clock in the afternoon. Since the Directional Guide is an operational guidance note that breaks down the five principles of the 2021 Energy Policy as it contributes to the achievement of Strategy 2030, the…

ADB signs loan to build the largest wind power plant in Central Asia

Press Releases
The $52 million Zafarshan Wind Power Project loan agreement has been signed by ADB and and Shamol Zarafshan Energy Foreign Enterprise Limited Liability Company (SZE), a wholly owned subsidiary of Abu Dhabi Future Energy Company Private Joint Stock Company (Masdar) on 5 September. The loan will…

Townhall Meeting on the Energy Sector Directional Guide Set

Press Releases
Energy Sector Group will present the latest draft of the Energy Sector Directional Guide to the ADB community to further enrich the document for any additional insights, comments and suggestions. The Directional Guide sets out ADB’s approach to implementing Strategy 2030, its 7 operational…

CEFPF Annual Consultation Meeting held

Press Releases
The 15th Annual Consultation Meeting (ACM) for the Clean Energy Financing Partnership Facility (CEFPF) was held on 16 September 2022. The Chief Sector Officer and CEFPF Fund Manager Sungsup Ra opened the meeting and acknowledged the presence of the representatives from the governments of Australia…

Only 2 clean energy components being tracked are fully ‘on track’ out of 55 – IEA

Press Releases
Only electric vehicles and lighting out of the 55 components being tracked by the International Energy Agency (IEA) are moving quickly enough and toward the direction of the Net Zero by 2050 Scenario trajectory. The IEA’s Net Zero Emissions by 2050 Scenario (NZE) is a…