A Power of Good: How ADB’s Climate-Resilient Investment is Boosting Tonga’s Energy Future Read more about A Power of Good: How ADB’s Climate-Resilient Investment is Boosting Tonga’s Energy Future In this Project Result Case Study, see the impact of ADB’s interventions in the county including how it has strengthened its power sector to become more resilient and ready for the greater integration of renewable energy sources.
How a solar 'swarm' can boost electricity access in rural Bangladesh Read more about How a solar 'swarm' can boost electricity access in rural Bangladesh ADB is partnering with SOLshare, a start-up in Bangladesh that seeks to leverage the vast installed base of solar home systems and upgrade them through so-called ‘swarm electrification’.
Electrifying remote rural communes through hydropower Read more about Electrifying remote rural communes through hydropower VRM’s Au Minh Tuan shares lessons learned from the implementation of a mini-hydropower project in Viet Nam that brings power to remote rural communities. The three mini-hydropower projects installed by the project in the country’s northern and central region was able to add and additional capacity of 32.5 megawatts of power generating 122 gigawatt-hours of electricity per year and connected 8,767 households in 36 villages, of which 827 households are new connections.
Green Climate Fund allocates $300 million for ADB’s first Green Recovery Program in Southeast Asia Read more about Green Climate Fund allocates $300 million for ADB’s first Green Recovery Program in Southeast Asia 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 disease (COVID-19) pandemic.The Program aims to leverage GCF and ADB funds to catalyze financing from development partners and private capital sources to support more than $4 billion worth of green infrastructure projects across the region.
ADB Ventures – ADB’s new impact-technology platform Read more about ADB Ventures – ADB’s new impact-technology platform 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 in emerging markets in Asia and the Pacific.
Electric Networks of Armenia Closed Joint-Stock Company Investment Program Phase 2 Project signed Read more about Electric Networks of Armenia Closed Joint-Stock Company Investment Program Phase 2 Project signed 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 Infrastructure Fund (LEAP) administered by ADB, provided $15 million to supplement the $20 million loan from ADB.
Pakistan: Access to Clean Energy Investment Program Read more about Pakistan: Access to Clean Energy Investment Program ADB supports Pakistan’s goal of enhanced energy security through this Program. It's major components are: (i) expanding energy access through the construction of micro-hydro plants and solar power facilities (ii) opening opportunities for women (iii) strengthening institutional capacities and (iv) promoting public sector energy efficiency.
Project to improve energy access in Nepal approved Read more about Project to improve energy access in Nepal approved 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 Chitwan district in Bagmati Province and Pokhara of Kaski district in Gandaki Province. Electricity supply in these areas leaves so much to be desired as outages are becoming more frequent and prolonged.
Private sector loan for renewable energy and electric vehicle charging system signed between ADB and Energy Absolute Read more about Private sector loan for renewable energy and electric vehicle charging system signed between ADB and Energy Absolute 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 forerunner in electric vehicles to reduce greenhouse gas emissions from conventional transportation, which currently accounts for around 26% of the country’s total annual emissions.This green loan is the first climate loan in Thailand to be certified by the Climate Bond Initiative, which administers the i
Cambodia grid reinforcement project approved Read more about Cambodia grid reinforcement project approved 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 Fund under the Scaling Up Renewable Energy Program in Low-Income Countries that is providing $4.7 million and $2 million from the Clean Energy Fund under the Clean Energy Financing Partnership Facility. The grant component will finance the pilot of a battery energy storage system (BESS).