Transaction Advisory Services mandate signed for a solar project in Cambodia Read more about Transaction Advisory Services mandate signed for a solar project in Cambodia 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 power capacity in combination with a Battery Energy Storage System (BESS), to be implemented from this year through 2030. ADB will also assist EDC in bidding out a 100-megawatt pilot project identified under the study to the private sector, which will build, finance, and operate the project.
ADB approves VinFast electric mobility green loan project Read more about ADB approves VinFast electric mobility green loan project ADB approved a $135 million loan for Viet Nam’s first fully electric public transport bus fleet and first national electric vehicle (EV) charging network. The assistance will support Viet Nam’s efforts to achieve net-zero greenhouse gas emissions and expand high-tech manufacturing industries. The transport sector in Viet Nam accounts for 18% of the country's annual greenhouse gas emissions. Decarbonization of the transport sector through electric mobility will help in achieving the country’s ambition to reach net zero emissions by 2050.
First Utility-Scale Solar Power Project Approved for Bhutan Read more about First Utility-Scale Solar Power Project Approved for Bhutan On 19 October, the $18.26 million Renewable Energy for Climate Resilience Project was approved for the construction of the first utility-scale solar photovoltaic power plant in Bhutan. The power plant that will be built in central-west Bhutan, has a minimum total capacity of 17.38 megawatts peak and will generate 25 gigawatt-hours of electricity yearly. Almost all of Bhutan’s electricity is generated from hydropower. This project will help diversify its sources and help make the country less vulnerable to the impacts of climate change.
Roadmap for electric motorcycle charging infrastructure in Indonesia published Read more about Roadmap for electric motorcycle charging infrastructure in Indonesia published Through the technical assistance project, Indonesia: Electric Transportation and Charging Infrastructure, the Electric Motorcycle Charging Infrastructure Road Map for Indonesia was prepared to assess how Indonesia can pave the way for the shift to electric motorcycles by developing its motorcycle charging infrastructure.
First technology briefing to management held Read more about First technology briefing to management held The Energy Sector Group organized a technology briefing on green hydrogen on 6 October to brief senior management of the technology, the current trends in the sector, and what it implies for ADB. A distinguished panel of speakers provided the depth and breadth of the economics and technical aspects of developing green.
Only 2 clean energy components being tracked are fully ‘on track’ out of 55 – IEA Read more about Only 2 clean energy components being tracked are fully ‘on track’ out of 55 – IEA Only electric vehicles and lighting out of the 55 components being tracked by the International Energy Agency (IEA) are moving quickly enough and toward the direction of the Net Zero by 2050 Scenario trajectory.
CEFPF Annual Consultation Meeting held Read more about CEFPF Annual Consultation Meeting held The 15th Annual Consultation Meeting (ACM) for the Clean Energy Financing Partnership Facility (CEFPF) was held on 16 September 2022. The Chief Sector Officer and CEFPF Fund Manager Sungsup Ra opened the meeting and acknowledged the presence of the representatives from the governments of Australia, Japan, Spain, and Sweden who joined by Zoom and the representatives from the Government of the United Kingdom who attended the meeting in person.
Townhall Meeting on the Energy Sector Directional Guide Set Read more about Townhall Meeting on the Energy Sector Directional Guide Set Energy Sector Group will present the latest draft of the Energy Sector Directional Guide to the ADB community to further enrich the document for any additional insights, comments and suggestions. The Directional Guide sets out ADB’s approach to implementing Strategy 2030, its 7 operational priorities, and the 2021 Energy Policy and advancing inclusive, just and affordable low-carbon transition in the Asia Pacific region.
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.