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 […]
$231 Million ADB Loan to Help Increase Supply of Clean Energy in India
MANILA, PHILIPPINES: The Asian Development Bank (ADB) has approved a $231 million loan to construct the Lower Kopili Hydroelectric Power (LKHEP) plant in Central Assam, India. This loan is the third and largest tranche of the $300 million Assam Power Sector Investment Program approved by ADB in 2014. The project has so far upgraded the […]
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 […]
$105 Million ADB Grant to Improve Financial Sustainability of the Power Sector in Tajikistan
MANILA, PHILIPPINES: The Asian Development Bank (ADB) has approved a $105 million grant to accelerate the implementation of ongoing reforms and improve the financial sustainability of the power sector in Tajikistan. “There is a profound financial crisis in the Tajik power sector and recovering from this requires simultaneously addressing sector governance, debts, tariffs, sales, timely […]
$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, Strategic Climate Fund, and New Zealand Boost Kiribati’s Access to Clean Energy
MANILA, PHILIPPINES: The Asian Development Bank (ADB) has approved a $14.7 million project to improve access to clean, reliable, and climate-resilient energy in Kiribati. The financing for the South Tarawa Renewable Energy Project comes from the Pacific Renewable Energy Investment Facility, which was founded in 2017 to finance renewable energy projects and sector reform in […]
ADB approves $600 mln loan for Indonesia’s PLN for renewable power
JAKARTA: The Asian Development Bank (ADB) on Tuesday approved a $600 million loan for Indonesian state utility Perusahaan Listrikk Negara (PLN) to expand electricity access and promote renewable energy. The loan is part of the second phase of an electricity grid development programme covering the outer regions of Kalimantan, Maluku, and Papua in the […]