Tags: Asian Development Bank

ADB, Japan’s METI signs MoU to promote clean energy in southeast Asia

The Asian Development Bank (ADB) and Japan’s Ministry of Economy, Trade and Industry (METI) have signed a memorandum of cooperation to enhance their joint efforts to promote clean energy in southeast Asia. It will strengthen cooperation between the two organisations under the Cleaner Energy Future Initiative for ASEAN (CEFIA). The cooperation will focus on the […]

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ADB, IEA Renew Agreement to Collaborate on Energy Sector

The Asian Development Bank (ADB) has renewed a memorandum of understanding (MOU) with the International Energy Agency (IEA) to scale up collaboration and advance progress on sustainability with increased focus on energy sector resilience in Asia and the Pacific. “The energy sector is a key driver of growth and human development, especially during recovery from […]

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Greater investment in clean energy will contribute to APAC recovery from COVID-19 crisis: ADB

A greater investment in clean energy will contribute to Asia-Pacific’s recovery from the COVID-19 crisis and make economies more resilient against future shocks, the Asian Development Bank (ADB) said on Tuesday. In view of the current scenario, ADB has invited proposals for digital solutions to improve waste management, reduce the amount of material sent to […]

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ADB and IEA discuss scaling up collaboration in energy systems

The Asian Development Bank (ADB) and the International Energy Agency (IEA) are discussing scaling up collaboration and renewing a memorandum of understanding (MOU) between the two organisations. ADB President Masatsugu Asakawa Asakawa said there is great synergy between the analytical capabilities of IEA and ADB’s on-the-ground knowledge in Asia. “The energy sector is an important […]

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ADB to back solar manufacturing may support non-Chinese companies

In a bid to minimise disruption in value chains of global business and reliance on Beijing that got effected by the COVID 19 outbreak , Asian Development Bank (ADB) recently in its blog expressed its interest to support setting up of PV manufacturing beyond China. Yongping Zhai of the Asian Development Bank (ADB) in a […]

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ADB approves USD 250 mn loan to EESL to expand energy efficiency investments

The Asian Development Bank (ADB) on Wednesday said it has approved a loan of USD 250 million (about Rs 1,775 crore) as part of an assistance package to EESL to expand energy efficiency investments in India. The new ADB project is a sector loan guaranteed by the Government of India, allowing for undertaking of sub-projects […]

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ADB signs USD 60 million deal with NWEDC to build hydropower plant in Nepal

The Asian Development Bank (ADB) has signed a 60 million dollar financing package with Nepal Water and Energy Development Company (NWEDC) to help build and operate a 216-megawatt run-of-the-river hydropower plant on the Trishuli River near the capital Kathmandu. The project is one of the largest private sector investments in Nepal to date. It will […]

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ADB President meets PM Modi, pledges to support government’s flagship initiatives

Asian Development Bank (ADB) President Takehiko Nakao recently met PM Narendra Modi and pledged to support the government’s new flagship initiatives. Nakao praised the government’s vision to make India a five trillion dollar economy. PM Modi and ADB President discussed how to further enhance the partnership in areas such as the promotion of new technologies […]

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Bhutan’s Economy to Moderately Grow in 2019 and 2020 on Strong Hydropower and Tourism: ADB

Economic growth in Bhutan is forecast to strengthen moderately, buoyed by the industry and services sectors, according to a new Asian Development Bank (ADB) report. The Asian Development Outlook (ADO) 2019, ADB’s flagship annual economic publication, forecasts the economy to grow at 5.7% this year and 6.0% in 2020. This is following the slipping of growth […]

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ADB committed highest-ever USD 3 bn in sovereign loans to India in 2018

ADB committed to provide USD 3 billion in sovereign loans to India in 2018, the highest level of assistance since sovereign operations began in the country in 1986, said the annual report of multilateral lending agency. In all, the Asian Development Bank (ADB), owned by 68 member countries, committed a total of USD 3.88 billion, […]

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