|

Tata Power and ADB partner to evaluate $4.25 billion clean energy projects

India, News

Tata Power has signed a Memorandum of Understanding (MoU) with the Asian Development Bank (ADB) during COP29 in Baku, Azerbaijan.  The partnership will evaluate financing for strategic projects aimed at enhancing India’s power infrastructure and promoting renewable energy. The MoU includes projects such as a 966 MW solar-wind hybrid system, pumped hydro storage, energy transition initiatives, decarbonization, and battery storage, alongside ongoing investments to modernize Tata Power’s distribution networks.  The estimated cost of these projects…

|

ADB approves USD 311 million loan for Nepal’s T&D infrastructure upgrade

Global, News

The Asian Development Bank (ADB) has approved a USD 311 million loan to upgrade electricity transmission and distribution infrastructure in Nepal under the South Asia Subregional Economic Cooperation Electricity T&D Strengthening Project.  Implemented by Nepal Electricity Authority (NEA), the project will modernize energy infrastructure and add solar photovoltaic (PV) generation capacity.  Key initiatives include constructing 290 km of transmission lines across Dailekh–Jumla, New Butwal–Lamahi, Nijgadh–Ramauli, and Teenpiple–Okharpauwa, along with enhancing distribution infrastructure in Karnali and…

|

ADB sanctions $434.25 million loan for renewable energy development in Assam

India, News

The Asian Development Bank (ADB) has approved a $434.25 million loan to support renewable energy initiatives and enhance energy security in Assam.  The project will establish a 500 MW grid-connected solar photovoltaic facility in the Karbi Anglong district, along with a grid-connected battery energy storage system to stabilize the grid and manage peak power demands. This initiative aligns with Assam’s renewable energy goals, contributing to the state’s renewable energy roadmap and increasing solar capacity to…

|

ADB approves USD 241.3 million for electricity distribution in West Bengal

India, News

The Asian Development Bank (ADB) has approved a USD 241.3 million financing package to enhance electricity distribution in West Bengal, ensuring a reliable and sustainable power supply.  This program aligns with the revamped distribution sector scheme (RDSS) to strengthen operational efficiency in power distribution companies. The West Bengal Distribution System Strengthening Program will cover seven districts, benefiting 8.96 million consumers. Key components of the program include replacing low-tension overhead lines with aerial bundled cables, establishing…

|

ADB grants USD 15 million for Tajikistan’s power grid

Global, News

The Asian Development Bank (ADB) has approved an additional USD 15 million grant to aid Tajikistan’s efforts in reconnecting its power grid with the Central Asian Power System (CAPS) and enhancing interconnections with Uzbekistan.  This follows the signing of a power trade agreement aimed at restarting electricity trade between the two countries, marking progress toward a renewed regional energy network. The ADB-supported project includes the construction of a new 22 km, 500 kV transmission line…

|

Vivriti Capital borrows USD 25 million from ADB for climate finance

India, News

Non-bank lender Vivriti Capital has secured USD 25 million from the Asian Development Bank (ADB) to support climate finance initiatives.  The senior secured debt facility has a four-year tenor and represents the first certified climate bond issuance by a private-sector non-banking financial company (NBFC) in India, according to an official statement.

|

ADB approves $500 million loan to accelerate Indonesia’s energy transition

Global, News

The Asian Development Bank (ADB) has approved a $500 million policy-based loan to support Indonesia’s shift towards sustainable energy. This loan, part of the Affordable and Sustainable Energy Transition Program, aligns with Indonesia’s goal to meet its enhanced nationally determined contribution and reach net zero power emissions by 2050. This first tranche of a two-part program aims to facilitate the country’s transition from fossil fuels to cleaner energy by developing a regulatory framework, improving sector…

Power Sector News Roundup for November 22, 2024

Power Bytes

Global: ACWA Power signs agreement with Uzbekistan for 2 GWh battery storage projects ACCIONA Energía sells hydro portfolio to Endesa for €1 billion EGAT plans three pumped storage power plants in Thailand Laurentis Energy Partners collaborates on SMR development in Poland National Grid Renewables begins construction of 100MW Apple River Solar project Aboitiz Power to develop Philippines’ first hybrid BESS and geothermal system RIC Energy and Rosemawr partner to deploy 450 MW solar and storage…

Power Sector News Roundup for November 13, 2024

Power Bytes

Global: Ofgem approves LionLink and Nautilus pilot projects for North Sea wind interconnectors Indonesia announces plans for 75GW renewable energy expansion over 15 years MDBs pledge $120 billion for low-income nations at COP29 Nordex secures order for 19 turbines for Québec wind project Enphase Energy launches AI-powered DIY permitting on Solargraf Elcogen secures €24.9 million EU grant for hydrogen tech expansion ADB approves USD 311 million loan for Nepal’s T&D infrastructure upgrade India: Power Grid…

|

PM Modi inaugurates solar EV charging carport at Statue of Unity

India, News

Prime Minister Narendra Modi inaugurated a solar-powered electric vehicle (EV) charging carport at the Statue of Unity in Kevadia, Gujarat. Developed by Convergence Energy Services Ltd (CESL), an Energy Efficiency Services Ltd subsidiary, this initiative underscores the government’s commitment to clean energy and green mobility. With backing from the Asian Development Bank (ADB), the carport has bi-facial mono-crystalline solar modules and a battery energy storage system (BESS).  This facility, with a 50 kWp solar capacity…