Project to help government meet target of 25% renewable energy capacity by 2030 The Asian Development Bank (ADB) and Nur Navoi Solar Foreign Enterprise Limited Liability Company (NNS) have signed loans of US$17.5 million for a 100MW solar power plant in Uzbekistan. It is the first public-private partnership (PPP) renewable energy project in the country. […]
ADB, NNS Sign Loans to Build Milestone Solar Power Project in Uzbekistan
TASHKENT, UZBEKISTAN: The Asian Development Bank (ADB) and “Nur Navoi Solar” Foreign Enterprise Limited Liability Company (NNS) signed loans of up to $17.5 million for a 100-megawatt (MW) solar power plant that will be the first public–private partnership renewable energy project in Uzbekistan. The project will play a catalytic role in improving access to affordable […]
ADB, India Sign $300 Million Loan to Upgrade Power Distribution Network in Uttar Pradesh
NEW DELHI, INDIA: The Asian Development Bank (ADB) and the Government of India today signed a $300 million loan to upgrade rural power distribution networks to provide reliable electricity supply to consumers in the state of Uttar Pradesh. The signatories to the tranche 1 loan for Uttar Pradesh Power Distribution Network Rehabilitation Project were Additional […]
ADB approves electricity infrastructure loan for Myanmar
The Asian Development Bank (ADB) has approved a $171 million loan to Myanmar with the construction of electricity infrastructure. The fund will be used to build 44 medium voltage substations and 1,006 kilometres of distribution lines across Kayin state, the Ayeyarwady, east Bago and Magway regions. According to a statement, this will bring electricity to […]
Sri Lanka To Construct a 100 MW Solar Power Plant under Private Sector Investments
Cabinet Approves 100 MW Solar Power Plant under Private Sector Investments at Siyabalanduwa Cabinet approval has been granted to construct 100 MW Solar Power Plant under Private Sector Investments at Siyabalanduwa and a 10 MW Wind Power Plant for the Trincomalee Grid Substation to ensure steady and uninterrupted power supply to the country round […]
ADB to Help Improve Advanced Biofuel Production in India
MANILA, PHILIPPINES: The Asian Development Bank (ADB) has approved a $2.5 million technical assistance (TA) to support advanced biofuel development in India. The grant is funded from the Asia Clean Energy Fund, financed by the Government of Japan under the Clean Energy Financing Partnership Facility, and the Republic of Korea’s e-Asia and Knowledge Partnership Fund. […]
ADB Approves $190 Million Loan to Upgrade Power Distribution System in Bengaluru
MANILA, PHILIPPINES: The Asian Development Bank (ADB) has approved a combined sovereign and nonsovereign loan of $190 million to modernize and upgrade the power distribution system in Bengaluru city in the state of Karnataka, India. The ADB assistance for the Bengaluru Smart Energy Efficient Power Distribution Project includes a $100 million sovereign loan and a […]
$154 Million ADB Grant to Help Improve Access to Electricity in Western Afghanistan
MANILA, PHILIPPINES: The Asian Development Bank (ADB) has approved a $154.4 million grant to boost the supply of power in Afghanistan by extending the country’s power grid into the western provinces of Herat and Farah, ensuring access to electricity for vulnerable communities in those provinces. The assistance includes $36.4 million from the Asian Development […]
ADB Approves $430 Million to Help Rehabilitate Power Distribution Networks in Uttar Pradesh, India
MANILA, PHILIPPINES: The Asian Development Bank (ADB) has approved a $430 million multitranche financing facility (MFF) to improve the quality and reliability of electricity supply in Uttar Pradesh in India. The Uttar Pradesh Power Distribution Network Rehabilitation Project will improve the efficiency and sustainability of power supply in Uttar Pradesh. The project will finance the […]
ADB to Fund Green Finance Development in Hebei through Bank of Xingtai
MANILA, PHILIPPINES: The Asian Development Bank (ADB) has approved a $198.51 million equivalent loan to fund green finance development in Hebei province, the People’s Republic of China (PRC). The loan will be provided via the provincial and city governments to the Bank of Xingtai, a provincial commercial bank in Hebei, to finance subprojects that meet […]
