Displaying 61 - 70 of 162

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…

Electric Networks of Armenia Closed Joint-Stock Company Investment Program Phase 2 Project signed

Press Releases
On 13 September, the Asian Development Bank (ADB) and Electric Networks of Armenia Closed Joint-Stock Company (ENA) signed a $35 million deal to improve electricity distribution networks to ensure reliable electricity supply in Armenia, particularly in the provinces. The Leading Asia’s Private…

ADB Ventures – ADB’s new impact-technology platform

Press Releases
In early 2020, ADB launched its first venture investment platform, ADB Ventures. It’s a venture capital investor with a difference. Like all VC investors, ADB Ventures will pursue commercial returns, but it will target investments in companies and technologies that deliver development impact…

Green Climate Fund allocates $300 million for ADB’s first Green Recovery Program in Southeast Asia

Press Releases
On 19 March the GCF Board approved $300 million allocation for the Green Recovery Program under the ASEAN Catalytic Green Finance Facility Fund that is being managed by ADB to help Southeast Asia embark on a climate-resilient, environmentally sustainable economic recovery from the coronavirus…

Cobrador Island Solar-Diesel Hybrid System

Press Releases
ADB, through the Energy for All Initiative, supported the development of ROMELCO’s 30-kW solar diesel hybrid power generation facility that provides round-the-clock electricity to 244 households, a health center, a school, and local industries in Cobrador Island, a remote island in Romblon province.

Pilot Project Brings 24-Hour Solar Power to Improve Life on Small Philippine Island

Press Releases
A pilot project under an Asian Development Bank (ADB) technical assistance was inaugurated today, bringing 24-hour solar power to this small rural island in Antique Province, Philippines.