News Releases

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.

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.

ADB is extending $200 million in loans to the Dynagreen Environmental Protection Group Company to help small and medium-sized cities in the People’s Republic of China (PRC) turn their growing mountains of solid waste into a sustainable source of renewable energy. The loan agreement was signed today in Beijing.

Asia is moving along a dangerously unsustainable energy path that will result in environmental disaster and a gaping divide in energy access between rich and poor unless the region dramatically changes course, says a new ADB report.

While energy security challenges faced by the Pacific are significant, energy efficiency and renewable energy options hold great promise for the region, according to the March issue of the Asian Development Bank's (ADB) Pacific Economic Monitor (PEM), released today.

More than 60,000 households in rural India will have better access to electricity by 2015 as Simpa Networks, a company supported by ADB, scales up the sales of its off-grid, pay-as-you-go solar energy solutions.

Five countries of South Asia – Bangladesh, Bhutan, the Maldives, Nepal, and Sri Lanka - could slash greenhouse gas emissions by a fifth by 2020 at little long-term cost by introducing a variety of clean technologies, according to a new study from ADB.

ADB is lending $150 million towards a $500 million project that will build a hydropower plant with a 140-megawatt capacity.

More public buses with lower greenhouse gas emissions will soon be deployed on the roads of major cities in the People’s Republic of China as ADB helps bus operators shift their fleets to cleaner fuel.

ADB is providing $300 million towards a groundbreaking project that will replace 100,000 gasoline-burning tricycles in the Philippines with clean, energy efficient electric tricycles, or E-Trikes.