Asian Development Bank

ADB $500 million funding soon for private sector infrastructure in Asia and Pacific

ADB expects these initial projects will generate about USD 1.4 billion in total financing, including USD 264.5 million from ADB’s own capital and an additional USD 890 million from co-financing partners. Asian Development Bank (ADB) said it is actively processing USD 500 million (about Rs 3,275 crore) as debt and equity funding for private infrastructure […]

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ADB Expands Clean Energy Project in India with AIIB Co-financing

The ADB financing comprised a $500 million government-backed loan and a further $500 million in non-sovereign lending to India’s national transmission company, Power Grid Corporation of India Limited (POWERGRID). The Asian Development Bank (ADB) has agreed to finance additional power transmission network components with co-financing from the Asian Infrastructure Investment Bank (AIIB) that will connect […]

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ADB and PNB sign $100 million loan to finance Solar Rooftop projects

PNB will use the ADB funds to make further loans to various developers and end users to install rooftop solar systems. The Asian Development Bank (ADB) and the Punjab National Bank (PNB) recently signed a $100 million loan to finance large solar rooftop systems on industrial and commercial buildings throughout India. The loan will be […]

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ADB approves $390 million financing package for ReNew Power to develop renewable energy projects in India

ReNew Power will utilize the fund to develop solar power projects with combined capacity of 398 megawatts (MW) in Jharkhand and Telangana Asian Development Bank (ADB) has approved a new $390 million financing package for ReNew Power to develop renewable energy projects in India. The financing will assist 7 special purpose vehicles owned by ReNew […]

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Singyes Solar Technologies wins a 100 megawatt solar farm tender in Uzbekistan

China Singyes Solar Technologies Holdings, a China-based EPC and project developer has announced that it has bagged EPC contract for a 100MW solar farm in the Samarkand Province of the Republic of Uzbekistan from Uzbekenergo.  Uzbekenergo is a state-owned company of the Republic of Uzbekistan and is the investor of the Project. The Project is […]

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PGCIL Seeks US$ 1,000 Million Loan from ADB for Green Energy Corridor

Power Grid Corporation of India Limited (PGCIL) has sought a loan of US$ 1,000 million for green energy corridor from the Asian Development Bank (ADB). The USD 1,000 million loan comprises Sovereign guaranteed loan of US$ 500 million and Non-Sovereign loan of US$ 500 million said Piyush Goyal, Minister of State (IC) for Power, Coal, […]

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USAID, ADB signs MoU to develop solar parks across India

The US Agency for International Development (USAID) and Asian Development Bank has signed Memorandum of Understanding (MoU) on Monday for providing Rs 5,681 crore ($848 million) in funding to develop solar parks across India. Under the MoU USAID will align the technical resources of two of its programs to support ADB’s investments in the development […]

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