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Energy operations continue to deliver as 2020 comes to a close

Press Releases
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…

Energy sector 2020 investments approach $3.4 billion marks with more projects approved

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)…

Energy Sector Group Presentation to President Masa

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:…

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:…

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)…