Displaying 91 - 100 of 162

Transaction Advisory Services mandate signed for a solar project in Cambodia

Press Releases
ADB signed a transaction advisory services mandate with Cambodia’s national utility company Électricité du Cambodge (EDC) for the development of 2 gigawatts (GW) of solar power in the country. Through the mandate, ADB will help EDC conduct a nationwide study on opportunities for additional solar…

For the first time in decades, the number of people without access to electricity is set to increase in 2022

Press Releases
The International Energy Agency is sounding the alarm bells on electricity access. The tri-crises in the form of the pandemic, inflation, and the energy crisis have practically erased the gains in energy access in the last decades. Increasing prices for food and fuel are hurting the most vulnerable…

MOU signed for first coal power plant to be retired in Indonesia under ETM

Press Releases
On 14 November 2022, ADB joined strategic partners in the signing of a memorandum of agreement (MOU) under the Energy Transition Mechanism (ETM) exploring the early decommissioning of the first coal-fired plant owned by Cirebon Electric Power (CEP), an independent power producer in…

Sustainable and Inclusive Energy Subprogram 3 Approved

Press Releases
On 24 November 2022, the ADB Board approved the policy-based loan for the third subprogram under Sustainable and Inclusive Energy Program in Indonesia. The $500 million loan will support the country’s energy sector reforms in ensuring fiscal sustainability and governance, increase private sector…

Across the Board session to discuss large hydropower guidance note set for January

Press Releases
The Across-the-Board (AtB) session to discuss the guidance note on large hydropower projects in ADB has been set for 26 January 2023. The presentation will be led by Energy Sector Chief Priyantha Wijayatunga who will be supported by Senior Energy Specialist David Morgado. This guidance note on…

Nuku’alofa network upgrade project in Tonga approved

Press Releases
On 7 December, ADB approved grants amounting to $7.2 million for the Nuku’alofa Network Upgrade Project that will improve and build the resilience of the aged and inefficient electricity network in Tonga’s capital. Specifically, the grants will finance the rehabilitation of 16.5 kilometers of the…

Delhi Power Distribution Project Signed

Press Releases
On 10 April, ADB and Tata Power Delhi Distribution Limited (TPDDL), the distribution arm of Tata Power Co Ltd (Tata Power), signed an agreement to subscribe to non-convertible debentures for 1.5 billion Indian Rupees (equivalent to $18.2 million) to enhance Delhi’s power distribution through grid…

Global emissions expected to surge with only 2% of global recovery spending going to clean energy - IEA

Press Releases
A large portion of the $16 trillion fiscal spendings by governments all over the world to get their economies on track from the COVID-19 pandemic has been concentrated on providing emergency financial relief for households and firms. The dismal level appropriated for clean energy interventions are…

ADB commits to full alignment with Paris Agreement

Press Releases
On 8 July, President Masa has announced ADB’s alignment with the Paris Agreement. ADB aims to align 100% of its sovereign operations and 85% of its nonsovereign operations by 1 July 2023. ADB’s nonsovereign operations will also have achieved 100% alignment two years later by 1 July 2025.President…

ADB to heighten its focus on adaptation and resilience to climate change

Press Releases
In one of the special events during this year’s Annual Meeting on 4 May, President Masa announced that ADB will build up its response to the adverse impacts of climate change through increased focus on adaptation and resilience.Through a holistic approach and on top of making physical…