|

ADB and GCF launch India Green Finance Facility

India, News

The Asian Development Bank (ADB), in partnership with the Green Climate Fund (GCF), has launched the India Green Finance Facility (IGFF) with $200 million in concessional funding approved by GCF. This is ADB’s first GCF-backed programme in India. The IGFF aims to mobilise large-scale public and private investments in emerging clean energy technologies, including round-the-clock renewable energy, green hydrogen, compressed biogas, decentralised solar, and electric transport for rural areas. The facility will operate through blended…

|

ADB withdraws Rs 36.5 billion loan for Assam solar project

India, News

The Asian Development Bank (ADB) has withdrawn its loan approval of Rs 36.51 billion (USD 434.25 million) for the 500 MW phase of the Khagarijan Solar Power Project in Assam. The withdrawal comes in response to local protests over the project’s development. ADB had initially approved the loan in October 2024. The project is being implemented by Assam Power Development Company Limited (APDCL) under the “Mukhya Mantri Sauro Shakti Prokolpo” scheme. The full project involves…

|

AIIB, ADB, and AIF partner to boost ASEAN infrastructure and power grid

Global, News

The Asian Infrastructure Investment Bank (AIIB), Asian Development Bank (ADB), and ASEAN Infrastructure Fund (AIF) have signed a letter of intent to collaborate on ASEAN-related infrastructure projects.  The agreement outlines cooperation on high-impact projects, including the ASEAN Power Grid (APG) and ASEAN Catalytic Green Finance Facility (ACGF). The partnership will focus on project origination, co-financing, technical cooperation, and knowledge sharing. It aims to mobilise joint expertise and financial resources, aligning AIIB and ADB assistance with…

|

ADB and AIIB back Caspian green energy corridor project

Global, News

The Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB) have signed a memorandum of understanding (MoU) with the energy ministries of Azerbaijan, Kazakhstan, and Uzbekistan. The agreement supports the feasibility study for the Caspian Green Energy Corridor Project. This MoU outlines a joint effort to create the legal and institutional setup needed for cross-border electricity trade among the three Central Asian nations. The project aims to boost regional energy ties and promote…

|

Petrolimex and ADB partner to support Vietnam’s energy transition

Global, News

The Vietnam National Petroleum Group (Petrolimex) has signed a memorandum of understanding (MoU) with the Asian Development Bank (ADB) to promote energy transition in Vietnam.  Under the agreement, ADB will help Petrolimex assess its investment portfolio and develop cleaner energy strategies. This partnership aligns with Vietnam’s low-carbon goals and ADB’s 2023-26 strategy focused on governance, green economy transition, and private sector growth. Petrolimex, which controls 50% of Vietnam’s fuel market and operates over 5,000 fuel…

|

CCI approves acquisition of Fourth Partner Energy by IFC, ADB, and DEG

India, News

The Competition Commission of India (CCI) has approved the acquisition of certain shareholding in Fourth Partner Energy Private Limited (Target) by the International Finance Corporation (IFC), Asian Development Bank (ADB), and DEG – Deutsche Investitions – und Entwicklungsgesellschaft mbH (DEG).  The proposed investment totals USD 275 million (approx. INR 22.96 billion), with each entity acquiring a percentage of Target’s share capital through primary subscription and secondary purchase. IFC, a World Bank Group member, supports private…

|

ADB approves $200m loan for Pakistan’s power distribution

Global, News

The Asian Development Bank (ADB) has sanctioned a $200 million loan to modernise Pakistan’s power distribution infrastructure. The initiative targets reducing energy losses, strengthening infrastructure resilience against climate change, and accommodating the country’s rising electricity demand. The project will initially support the Lahore Electric Supply Company (LESCO), the Multan Electric Power Company (MEPCO), and the Sukkur Electric Power Company (SEPCO).  Key measures include installing 332,000 advanced metering systems, 15,800 transformer monitoring systems, and upgrading grid…

|

CEA recommends higher-capacity OPGW to support broadband expansion

India, News

The Central Electricity Authority (CEA) has advised the adoption of higher-capacity optical ground wire (OPGW) in upcoming power transmission projects to facilitate telecom service providers.  The recommendation follows a collaboration between the Department of Telecommunications (DoT) and the Union Power Ministry. CEA has proposed the use of 48-fibre (48F) OPGW, replacing the current standard of 24-fibre (24F) OPGW, in all future power transmission schemes. This recommendation has been communicated to the Central Transmission Utility (CTU),…

|

ADB and Gulf Renewable Energy secure $820m for Thai renewable projects

Global, News

The Asian Development Bank (ADB) and Gulf Renewable Energy Company, a subsidiary of Gulf Energy Development Public Company, have finalized an $820 million loan agreement to fund 12 renewable energy projects in Thailand.  These include eight ground-mounted solar photovoltaic (PV) plants and four solar PV plants integrated with battery energy storage systems (BESS). The projects have a combined solar PV capacity of 393 MW, with the solar plus BESS plants adding 256 MW of generation…

|

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…