Home Tag "ADB"

Use SDGs and Paris Agreement to Guide Recovery from COVID-19—ADB VP

  BANGKOK, THAILAND: The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), Asian Development Bank (ADB), and United Nations Development Programme (UNDP) jointly launched today the latest edition of the Asia-Pacific SDG Partnership Report – Fast-Tracking the Sustainable Development Goals: Driving Asia-Pacific Transformations on the sidelines of the 7th Asia-Pacific Forum […]

ADB Finances First Wind Power and Battery Storage Project in Thailand

  BANGKOK, THAILAND: The Asian Development Bank (ADB) has signed a THB235.55 million ($7.2 million equivalent) loan with Lomligor Company Limited (Lomligor), a subsidiary of BCPG Public Company Limited (BCPG), to finance a 10-megawatt (MW) wind power plant in southern Thailand. The project utilizes an integrated 1.88-megawatt-hour (MWh) pilot battery energy storage system to increase […]

ADB Accelerating Renewable Energy in Mongolia with Advanced Battery Storage System

  ULAANBAATAR, MONGOLIA: 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 […]

ADB Investing Over $1 Billion to Help Pacific’s Renewable Energy Transition

MANILA, PHILIPPINES: The Asian Development Bank (ADB) will invest over $1 billion worth of energy projects in the Pacific from 2019 to 2021 to increase renewable energy generation and improve access to affordable and sustainable electricity in the subregion. ADB’s Pacific Energy Update 2019 details how the bank is helping its Pacific developing member countries […]

ADB, India sign $250 million loan to expand energy efficiency investments in India

The Asian Development Bank (ADB) and the Government of India on 16th December 2019 signed a $250 million loan to Energy Efficiency Services Limited (EESL) to expand energy efficiency investments in India that will benefit agricultural, residential and institutional consumers. In addition, $46 million financing will be provided from the Clean Technology Fund (CTF), to be […]