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. 

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.

On 25 August, the draft Energy Sector Directional Guide was made available to the public online.

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.

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.

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

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. 

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.

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.

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.