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 […]

Papua New Guinea receives $24m for climate resilience

Papua New Guinea (PNG) is receiving an investment worth $24.25 million (£16.7m) to fight the impacts of climate change. The Asian Development Bank (ADB) will work with the government to help the nation build its climate resilience. The money it is providing will be used to conduct climate change and vulnerability assessments and prepare adaptation […]

Azerbaijan to receive $1.5bn to boost energy sector

A loan worth $1.5 billion will be given to Azerbaijan to improve its energy, transport and urban sectors. The Asian Development Bank is providing the money to develop eight projects including power, transport and water sectors. The energy projects will help improve the country’s electricity distribution network and provide reliable and continuous energy supply to homes […]

Afghanistan’s energy sector receives $1.2bn

Afghanistan will receive a grant worth $1.2 billion (£0.78bn) to improve its energy sector. The cash aims to support projects in the country which boost energy supply, cross border trade and improve the power sector’s efficiency. The Asian Development Bank (ADB) is providing the fund which will be given in tranches until 2025. Afghanistan’s reliance on […]

$1bn to improve power grid in India

India will receive $1 billion (£0.65bn) to improve its electricity grid. The Asian Development Bank (ADB) will provide the cash to build and upgrade high voltage, transmission lines and substations in the states of Rajasthan and Punjab. India’s national transmission company, Power Grid Corporation of India Limited is responsible for the works. The project will […]

Southeast Asia ‘must boost energy efficiency’

The economic losses caused by the impacts of climate change in Southeast Asia could be 60% higher than expected. That’s according to a study released by the Asian Development Bank (ADB) at the COP21 conference in Paris, which suggests the region “must step up efforts” on energy efficiency. It focuses on Indonesia, Malaysia, Philippines, Thailand and […]

Solar projects in rural India to receive $6m support

An investment worth $6 million (£3.96m) will be made to boost solar projects in rural India. Simpa Energy India Private will use the cash to develop off-grid solar systems. The loan from the Asian Development Bank (ADB) will help the company finance 75,000 solar home systems for both households and small businesses in 2016. Around […]

Climate change ‘linked to rising natural disasters’

There are more natural disasters due to greater extremes in temperatures from rising greenhouse gases. That’s according to a new report from the Asian Development Bank. It found global temperatures are already halfway to the 2°C warming threshold for limiting catastrophic climate impacts. It states: “Impacts are not just concerns for the distant future but are already […]