ADB signs loan to build the largest wind power plant in Central Asia Read more about ADB signs loan to build the largest wind power plant in Central Asia 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 support first wind power plant and the largest so far developed in Central Asia. The project team is being led by PSIF1’s Danyaal Malik.
Townhall Meeting for the Energy Sector Directional Guide set Read more about Townhall Meeting for the Energy Sector Directional Guide set 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 townhall meeting is an opportunity for staff to raise any question or clarification, provide comments and suggestions. Read more. Staff has the choice of joining physically in conference room 4653E or through MSTeams. Calendar invitations will be sent in due course.
Energy Sector Directional Guide disclosed to the public Read more about Energy Sector Directional Guide disclosed to the public On 25 August, the draft Energy Sector Directional Guide was made available to the public online.
Loan supporting electricity, water, and wastewater utility reform in Palau approved Read more about Loan supporting electricity, water, and wastewater utility reform in Palau approved 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 sector participation in electricity, water, and wastewater subsectors.
Off-grid Renewable Hybrid Energy System in Altai, Mongolia commissioned Read more about Off-grid Renewable Hybrid Energy System in Altai, Mongolia commissioned 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.
$21 million loan to construct landmark solar power plant in Azerbaijan signed Read more about $21 million loan to construct landmark solar power plant in Azerbaijan signed 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 set
ETM, Safeguards and a Just Transition Read more about ETM, Safeguards and a Just Transition 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 and the welfare of affected sectors protected.
10 Things to Know About the Blue SEA (Southeast Asia) Finance Hub Read more about 10 Things to Know About the Blue SEA (Southeast Asia) Finance Hub ADB established the Blue SEA (Southeast Asia) Finance Hub at its Indonesia Resident Mission in November 2021. The Hub is supported by the Association of Southeast Asian Nations (ASEAN) Catalytic Green Finance Facility (ACGF) which was launched in April 2019 to promote green infrastructure investments in Southeast Asia based on the need for a regional initiative for capacity building, improve knowledge, and build a pipeline of projects that support ocean health and sustainable blue economy.
Guidance notes on natural gas and waste to energy to be presented to the Board Read more about Guidance notes on natural gas and waste to energy to be presented to the Board The Energy Sector Group led by its Chief, Priyantha Wijayatunga is scheduled to present the guidance notes on natural gas and waste to energy at the Across-the-Board session on 28 July at 2 o’clock in the afternoon. At the helm of the preparation of the natural gas note is David Morgado while Stephen Peters is for the waste to energy note. It can be recalled that both these notes along with the energy sector Paris Alignment and large hydropower papers were among the commitments of the sector following the approval of the 2021 Energy Policy.
UK Fund helps augment ASEAN Green Recovery Platform Read more about UK Fund helps augment ASEAN Green Recovery Platform ADB and the Government of the United Kingdom (UK) have signed a memorandum of understanding to develop a £107 million (around $134 million) trust fund to support efforts by Association of Southeast Asian Nations (ASEAN) countries to scale up green financing and shift to low-emission, climate-resilient development.