Indonesia’s first utility-scale solar plants receive $40m investment

They will have a total capacity of 42MW

Framework agreement for TAP interconnector project signed

A framework agreement for a proposed electricity interconnector between Turkmenistan, Afghanistan and Pakistan (TAP) has been signed. The TAP Power Interconnection Project aims to pave the way for the delivery of long term power supply, supporting Afghanistan’s energy needs and enabling power trade and exchange between the three countries. The project will include the construction […]

LEDs to light up Indian streets and homes

Millions of energy efficient lights are to be installed in streets and homes across India. The Asian Development Bank (ADB) and the Government of India have signed a $200 million (£160m) loan to finance the installation of LEDs as well as energy efficient water pumps. The project is expected to lead to energy savings of […]

Uzbekistan’s energy and infrastructure gets $573m boost

An Asian bank is loaning $573 million (£469.2m) for four energy and infrastructure projects in Uzbekistan. The Asian Development Bank (ADB) will provide $154 million (£126m) to establish energy efficient agricultural facilities, $121 million (£99m) to improve the water supply for more than three million people and $198 million (£162m) to upgrade around 77 kilometres of regional roads. The final project will provide $100 million […]

$100m boost for Chinese waste to energy projects

Energy recovery from waste projects have received a $100 million (£81.5m) boost in the People’s Republic of China (PRC). The Asian Development Bank (ADB) has signed agreements with 10 commercial banks to support Dyanagreen Environmental Protection Group’s waste to energy projects. At least nine plants are expected to be built, generating around 610GWh of electricity […]

Indonesian geothermal project gets $109m boost

A geothermal energy generation project in western Indonesia has been given a financing package worth $109 million (£87m). The Muara Laboh project, located in West Sumatra, is expected to generate 80MW of electricity. It will be one of the first transactions to receive funding from the Asian Development Bank’s (ADB) newly-established Leading Asia’s Private Infrastructure […]

Loan approved for Pakistan’s ‘biggest’ wind farm

A $75 million (£61.25m) loan has been approved to support what is believed will be Pakistan’s largest wind farm. Triconboston Consulting Corporation (TBCC) will use the money from the Asian Development Bank (ADB) to develop the 150MW project in Jhimpir, near Karachi. It will generate a total of 520GWh of electricity each year, which will […]

India receives $500m boost for rooftop solar

India will see an increase in the number of rooftop solar systems in the country, thanks to a £500 million funding. The Asian Development Bank (ADB) is providing the money to support the government’s plans to expand energy access using renewables. Punjab National Bank – one of India’s largest commercial banks –  will use the […]

New €7m fund for climate-resilient projects in Southeast Asia

Funding worth €7 million (£6m) is being provided to help the Southeast Asian region develop climate-resilient projects. The money from the Nordic Development Fund (NDF) will be part of a newly established multi-donor trust fund administered by the Asian Development Bank (ADB). It will support the region’s works to strengthen climate adaptation and mitigation and […]

$200m initial investment for South Asian gas pipeline

An initial investment of $200 million (£140m) has been agreed to build a gas pipeline in South Asia. The deal between Turkmenistan, Afghanistan, Pakistan India and the Asian Development Bank (ADB) will help develop the 1,600-kilometer pipeline in three years. The Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline is expected to transport up to 33 billion cubic meters of […]