ADB

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ADB lends 100 million dollars for Sri Lanka’s power sector restructuring
By December 9, 2025December 9, 2025

Sri Lanka has secured a 100 million dollar policy loan from the Asian Development Bank (ADB) to advance reforms under the Power Sector Reforms and Financial Sustainability Program. The funding supports the unbundling of the Ceylon Electricity Board (CEB) under the 2024 Electricity Act and its 2025 amendment. The reforms aim to create separate entities for generation, transmission, system operation and distribution, introduce cost reflective tariffs and implement a clear debt restructuring plan. CEB carries…

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India | News | Renewable Energy

ADB approves USD 650 million loan for India’s rooftop solar program
By December 4, 2025December 4, 2025

ADB has approved a USD 650 million policy-based loan to support India’s plan to expand rooftop solar and deliver clean, affordable electricity to 10 million households by 2027. The funding is part of Subprogram 1 of the Accelerating Affordable and Inclusive Rooftop Solar Systems Development Program, which is linked to the Pradhan Mantri Surya Ghar Muft Bijli Yojana. ADB Country Director for India Mio Oka said the initiative addresses financing and regulatory hurdles that have…

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Global | News

ADB approves loan for Indonesia clean energy transition
By November 26, 2025November 26, 2025

The Asian Development Bank has cleared a $470 million results based loan for Indonesia’s state utility PLN under the Accelerating Indonesia’s Clean Energy Transition Program. The plan supports new renewable capacity, grid upgrades and institutional strengthening. Aslan Energy Capital has also confirmed a separate $2.3 billion investment for a green energy hub in Karimun. The ADB program will speed up the rollout of utility scale solar and wind projects. It will also reinforce grids in…

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ADB approves $330 million loan for Pakistan’s transmission upgrade
By November 21, 2025November 21, 2025

The Asian Development Bank has approved a $330 million financing package for Pakistan’s Second Power Transmission Strengthening Project. The plan aims to expand and modernize the transmission network so it can absorb more low cost renewable and hydropower. The funding includes a $285 million loan from ADB’s ordinary capital resources and a $45 million concessional loan. The National Grid Company of Pakistan will serve as the executing agency. It will use the financing to upgrade…

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India | News | Renewable Energy

ReNew Energy secures $331 million ADB loan for hybrid project
By November 12, 2025November 12, 2025

ReNew Energy has received $331 million in debt financing from the Asian Development Bank (ADB) to develop a large-scale clean energy project in Andhra Pradesh. The financing includes up to $291 million in local currency from ADB’s ordinary capital resources and $40 million from the ADB-administered Leading Asia’s Private Infrastructure Fund 2. The loan forms part of a $477 million financial package, with the remaining $146 million expected to be mobilised by ADB through other…

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India | News | Renewable Energy

ADB approves USD 460 million loan for Maharashtra’s agricultural solarisation
By November 3, 2025November 3, 2025

The Asian Development Bank (ADB) has approved a USD 460 million results-based loan to upgrade Maharashtra’s rural power infrastructure and promote distributed renewable energy. The initiative aims to provide farmers with reliable daytime solar electricity for irrigation, improving agricultural productivity and supporting the state’s clean energy goals. The Maharashtra Power Distribution Enhancement Program (MPDEP) for Agricultural Solarisation aligns with the state’s Power Sector Vision 2030, which focuses on expanding renewable energy adoption, strengthening rural energy…

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News | Global

ADB approves $52.72 million loan for Cambodia grid expansion project
By September 23, 2025September 23, 2025

The Asian Development Bank (ADB) has approved a loan of $52.72 million to support Cambodia’s Grid Expansion Project. The program aims to strengthen the national transmission network, integrate more renewable energy, and meet growing electricity demand with locally generated clean power. Cambodia’s domestic electricity generation increased from 8.68 terawatt hours (TWh) in 2020 to 17.85 TWh in 2024. Over the same period, power imports declined from 3.06 TWh to 1.57 TWh, reflecting greater self-sufficiency. The…

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India | News

ADB withdraws Rs 36.5 billion loan for Assam solar project
By June 5, 2025June 5, 2025

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…

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Global | News

ADB and AIIB back Caspian green energy corridor project
By April 11, 2025April 11, 2025

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…

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AfDB invests in climate tech in Sub-Saharan Africa
By December 20, 2024December 21, 2024

The African Development Bank (AfDB) has committed USD 10 million from its Sustainable Energy Fund for Africa (SEFA) to the Persistent Africa Climate Venture Builder Fund (ACV Fund). This initiative supports climate technology entrepreneurship in Sub-Saharan Africa. The ACV Fund will provide early-stage financing to ventures in sectors such as solar energy, energy efficiency, electric mobility, agricultural technology, and circular economy solutions. The investment is expected to unlock an additional USD 70 million for climate-focused…

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