News Releases

1 May 2013

ADB Supports Hydro and Wind Power Plants in India with Equity Investment

ADB is investing $30 million equity in NSL Renewable Power Private Ltd. (NRPPL), a leading renewable energy company in India, to support hydropower and wind power projects that will generate 530 gigawatt-hours every year, and reduce carbon dioxide emission by 400,000 tons annually from 2017 onward.
1 May 2013

ASEAN Infrastructure Fund Readies $1 Billion Pipeline for Lending Operations

The ASEAN Infrastructure Fund Limited is set to begin its lending operations in the second half of 2013, with a pipeline of around $1 billion in projects for the next three years.
1 May 2013

Participants Gather for ADB's 46th Annual Meeting

Delegates have begun arriving today at the India Expo Centre and Mart in Greater Noida, Delhi National Capital Region, to register for ADB's 46th Annual Meeting of its Board of Governors, which begins May 2nd.
1 May 2013

Two ADB Loans for Port Moresby Power Supply Signed in Delhi

ADB and Government of Papua New Guinea have today signed two loans that will help boost electricity access rates in Port Moresby to 74% and extend the city’s power grid to an estimated 3,000 low-income households. The loans were signed at ADB’s 46th Annual Meeting in New Delhi, India.
30 Apr 2013

Development Asia Magazine Probes Region's Rising Inequality

The future prosperity of the Asia-Pacific region is threatened by a deepening divide between rich and poor, according to the latest issue of Development Asia magazine, which examines in a series of articles the causes and consequences of rising inequality, and options for governments to close income gaps.
28 Apr 2013

New ADB President Takehiko Nakao Assumes Office

Takehiko Nakao assumes office as the ninth President of ADB today.
26 Apr 2013

Takehiko Nakao Elected New ADB President

Takehiko Nakao has been unanimously elected President of ADB by its Board of Governors.
25 Apr 2013

Kyrgyzstan GDP to Grow by 5.5% in 2013 - ADB Report

Growth in the Kyrgyz Republic is expected to rebound this year after recent low gold production held the economy back, according to ADB's new macroeconomic outlook for developing Asia.
25 Apr 2013

New State-Owned Enterprise Act for Kiribati

ADB welcomes the passage yesterday of the State Owned Enterprises Act. ADB and the Australian Agency for International Development supported drafting of the legislation, which was prepared following extensive local consultations.
22 Apr 2013

ADB Assistance Tops $21.5 Billion in 2012

ADB approved $21.57 billion in financing operations including cofinancing last year, according to ADB’s 2012 Annual Report, released ahead of its 46th Annual Meeting of the Board of Governors to be held 2–5 May in Delhi, India.