Sri Lanka Gets First ADB Backed Agrivoltaics Project Updated On Fri, Jul 12th, 2024 by Saurenergy Sri Lanka’s first Agrivoltaic demonstration project has been formally inaugurated earlier this week. The 85 kWp project, backed by the Asian Development Bank (ADB), working with the Sri Lanka Sustainable Energy Authority (SEA) under the Ministry of Power and Energy (MOPE), the Tea Smallholders Development Authority (TSHDA) under the Ministry of Plantation Industries (MOPI), the […] Read more
ADB Commits $2.6 Billion In Sovereign Lending to India Updated On Wed, May 29th, 2024 by Saurenergy The Asian Development Bank (ADB) which supports projects in developing member countries committed $2.6 billion in sovereign lending to India in 2023 for projects related to urban development, supporting industrial corridor development, promoting power sector reforms, support horticulture, and enhance connectivity. ADB also extended $23.53 million in technical assistance and $4.1 million in grants under […] Read more
ADB Extends $8 Mn Funds For Mini-Grid Pilot Program In Africa Updated On Thu, May 23rd, 2024 by Saurenergy The African Development Bank Group’s Board of Directors has approved $8 million to support the rollout of a pioneering pilot mini-grid program with potential Africa-wide benefits. The funding is provided by the Bank-managed Sustainable Energy Fund for Africa (SEFA). This fund is provided in the form of concessional loans, grants, and risk mitigation, and plans […] Read more
ADB Approves $148.5mn To Boost RE, Power Distribution In Sikkim Updated On Fri, May 17th, 2024 by Saurenergy The Asian Development Bank (ADB) has approved a $148.5 million loan to help strengthen, modernize, and climate-proof distribution systems to enhance the reliability, quality, and resilience of electricity supply in Sikkim, India. The scope of work also includes boosting renewable energy systems. Philippines-headquartered ADB will help develop a financial sustainability strategy and a plan to […] Read more
ADB Issues its Largest Local Currency Green Bond in Indian Rupees Updated On Wed, Jan 31st, 2024 by Saurenergy The Asian Development Bank (ADB) has raised 12.5 billion Indian rupees (about $150 million) through its largest local currency green bond issue to date. The issue is structured as a 4-year currency-linked bond, with a bullet repayment at maturity and carrying a fixed interest rate of 6.72% per year, ADB said in a media release […] Read more
ADB & Fourth Partner Energy Join Hands for 25 MW Solar Power Plant in Tamil Nadu Updated On Mon, Aug 28th, 2023 by Saurenergy The Asian Development Bank (ADB) and Independent Power Producer Fourth Partner Energy Private Limited (Fourth Partner) have joined hands for a long-term loan of up to Rs 1.2 billion Indian rupees towards the construction and operation of a 25 MW solar power plant. This will help augment clean and low-cost energy supply to commercial and […] Read more
ACWA Power Gets $174 Million Loan From ADB For Uzbekistan Wind Projects Updated On Tue, Apr 25th, 2023 by Saurenergy Saudi Arabia’s ace renewable energy developer ACWA Power has received $174 million worth of loans from the Asian Development Bank (ADB) to develop the Bash wind power and Dzhankeldy wind power plants – both located in the Bukhara region in Uzbekistan. As per ABD, the ACWA Power financing comprises loans amounting to $40.5 million for […] Read more
ADB, Tata Power Delhi Distribution Collaborate for Grid & BESS Enhancement in Delhi Updated On Mon, Apr 10th, 2023 by Saurenergy Read more
ADB, Tata Power Delhi Distribution Collaborate for Grid & BESS Enhancement in Delhi Updated On Mon, Apr 10th, 2023 by Saurenergy The Asian Development Bank (ADB) and Tata Power Delhi Distribution Limited (TPDDL), the distribution arm of Tata Power, have announced that they have signed an agreement to subscribe to non-convertible debentures for Rs 1.5 billion ($18.2 million) to enhance Delhi’s power distribution through grid enhancements. The agreement also involves a $2 million grant to partially […] Read more
