On 30 March, the Board approved a $300 million loan to finance the 300-MW  Balakot Hydropower Development Project in Pakistan.

On 23 December, ADB and the Nur Navoi Solar (NNS) signed loans of up to $I7.5 million to build a 100-megawatt (MW) solar power plant that will be the first public–private partnership renewable energy project in Uzbekistan.

ULAANBAATAR, MONGOLIA (22 April 2020) — The Asian Development Bank (ADB) has approved a $100 million loan to help supply renewable energy to Mongolia by installing its first large-scale advanced battery energy storage system (BESS).“Mongolia is among the most heavily coal dependent developing member countries of ADB, and its energy sector is the largest contributor to its greenhouse gas emissions, accounting for about two-thirds of the total,” said Director General of ADB’s East Asia Department James Lynch.

The Preparing Outer Islands for Sustainable Energy Development (POISED) Project in the Maldives led by SAEN’s Jaimes Kolantharaj has been hailed as the best renewable energy and energy efficiency at the 8th Greening the Islands (GTI) e-Convention – International Conference and Exhibition. The awarding ceremony was held on 21 October 2021. GTI is an innovative organization that supports self-sufficiency and sustainability of islands worldwide.

The Geothermal Power Generation Project that will help increase Indonesia’s geothermal power generation capacity by 110 megawatts was approved on 28 May 2020. The $300 million loan will finance the construction and commissioning of two geothermal plants at Dieng in Central Java and Patuha in West Java by GDE, a state-owned enterprise focused on geothermal exploration, development, and power generation. The project team is led by SEEN’s Shannon Cowlin.

On 3 September ADB and the Government of Uzbekistan signed a $60 million loan for the Sustainable Hydropower Project, approved by ADB on 30 September 2019.

See how ADB is supporting Sri Lanka’s bid to increase the use of solar power and other renewable energy sources in providing electricity to the whole country and meet its commitment to the Paris Agreement on climate change. The government’s Battle for Solar Energy program envisions 1000 megawatts of solar power generation capacity by 2025—all from the rooftops of homes and businesses.

Policy recommendations to improve energy security in CAREC countries include the simultaneous increase in all four dimensions of energy security (energy resource availability, accessibility barriers, environmental acceptability, investment cost affordability), establishing a unified legal energy framework, and building a common energy market. It involves increasing the development and use of renewable energy, which will also reduce greenhouse gas emissions

Learn how the Wind Power Generation Project in Mannar Island in Sri Lanka paved the way for the first 100-MW wind park on the island’s south coast

See how ADB supports a green, resilient, and inclusive recovery in the region, incorporating climate and environmental sustainability through the support from the Association of Southeast Asian Nations (ASEAN) Catalytic Green Finance Facility (ACGF) in this Q&A.