New Delhi : Asian Development Bank (ADB) will provide a loan up to Rs 754 crore to SAEL Industries Ltd for setting up of biomass power plants in Rajasthan. The lender and SAEL have entered into a loan agreement, according to a release on Friday. SAEL is a solar and agricultural waste-to-energy company. It has […]
ADB, EDC Sign Mandate for 2 GW Solar and Battery Storage Power Program in Cambodia
MANILA, PHILIPPINES: The Asian Development Bank (ADB) signed a transaction advisory services mandate with Cambodia’s national utility company Électricité du Cambodge (EDC) to support the development of 2 gigawatts (GW) of solar power in Cambodia. The mandate will help the country achieve its goal of carbon neutrality by 2050. Under this mandate, ADB will help […]
ADB and IFI Partners Launch Climate Finance Video Campaign Ahead of COP27
MANILA, PHILIPPINES: The Asian Development Bank (ADB) and other international financial institutions (IFIs) are for the first time launching a joint video campaign, “Investing for a greener world,” to showcase their role in facilitating climate change solutions, ahead of COP27. In addition to ADB, the group of IFIs includes the African Development Bank (AfDB), Asian Infrastructure […]
ADB, Cambodia’s electricity supplier sign mandate for solar power in Cambodia
PHNOM PENH: The Asian Development Bank (ADB) signed a transaction advisory services mandate with Cambodia’s state-owned Electricité du Cambodge (EdC) to support the development of 2 gigawatts (GW) of solar power in Cambodia, the lender said in a press statement on Wednesday. The mandate will help the Southeast Asian nation achieve its goal of carbon […]
ADB Leads $135 Million Climate Financing Package to Support Electric Mobility in Vietnam
Hanoi, Vietnam: The Asian Development Bank (ADB) mobilized a $135 million financing package for VinFast Trading and Production Joint Stock Company (VinFast) for manufacturing 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 […]
Asian Development Bank Backed Bhutanese Solar Project Looking For 17.38 MW Bidders – EQ Mag Pro
Bhutan has launched a tender for a 17.38 MW solar PV project to be located in Sephu region Contract will be funded from an ADB loan; the round is open to all ADB eligible source countries Selected company will need to design the project, construct and commission the same Bhutan’s Ministry of Economic Affairs, through […]
eSensitivity tool launched to balance biodiversity, energy planning – EQ Mag Pro
Exactly to address these kinds of issues, Bombay Natural History Society (BNHS), BirdLife International, and the Asian Development Bank have launched a new, open access ‘Sensitivity’ mapping tool called AVISTEP – the Avian Sensitivity Tool for Energy Planning. New Delhi: A dozen-odd chinkaras – a protected species – lost their lives in Rajasthan after being […]
UAE’s Masdar Wins Uzbek Sherabad Solar Power Plant Tender
Masdar made the lowest bid of $0.018045/kWh on the Sherabad solar tender, placing it well ahead of four other competitors. TASHKENT: Abu Dhabi Future Energy Company, also known as Masdar, has won the tender to build a 457 megawatt photovoltaic solar power plant in the Sherabad district of Uzbekistan’s Surkhandarya province, the Central Asian nation’s […]
Eugene Zhukov Appointed ADB Director General for Central and West Asia
MANILA, PHILIPPINES: The Asian Development Bank (ADB) has appointed Eugene Zhukov as Director General of its Central and West Asia Regional Department, effective immediately. As Director General, Mr. Zhukov will lead ADB’s engagement with 10 countries in the region: Afghanistan, Armenia, Azerbaijan, Georgia, Kazakhstan, the Kyrgyz Republic, Pakistan, Tajikistan, Turkmenistan, and Uzbekistan; and oversee the […]
ADB to provide USD 231-mn loan to enhance power generation capacity in Assam
This is the third tranche loan for the ongoing Assam Power Sector Investment Program, which was approved by the ADB board in July 2014 New Delhi: The Asian Development Bank (ADB) will provide a USD 231-million loan to augment electricity generation capacity in Assam through construction of a 120-megawatt (MW) hydroelectric power plant. ADB and […]