News Releases

ADB is providing a $700 million loan to dramatically boost Bangladesh’s power supply system, which will reduce outages and shortages that are crippling the economy and causing severe hardship across the country.

An initial assessment of Myanmar’s energy sector by ADB shows the country has a wealth of possibilities for power generation, from oil and gas exploration to harnessing the energy of renewables, but lacks the capital needed to develop it.

ADB and China Everbright International Ltd. have signed a loan agreement for agricultural and municipal waste-to-energy projects in the People’s Republic of China to reduce the environmental impact of agricultural and municipal waste disposal.

While advanced economies gradually rebuild their balance sheets, Asia’s emerging markets need to diversify sources of growth to boost GDP, ADB President Haruhiko Kuroda said today during an address at the Association of Southeast Asian Nations Global Dialogue in Phnom Penh, Cambodia.

The Government of Norway will provide an $850,000 technical assistance grant to ADB to help Myanmar update its 1984 Electricity Law so that it reflects current international standards, and creates the right conditions for establishing an electricity regulator, expanding rural electrification, and promoting off-grid solutions.

ADB will open an office in the South Asian nation of Bhutan in early 2013 to more efficiently manage a growing portfolio focusing on transport, energy and urban development.

ADB is providing $600 million for a package of green projects that will transform waste into clean energy, reduce CO2 emissions, expand eco-friendly transport, and protect fragile wetland areas in fast-growing second-tier cities in the People’s Republic of China.

ADB has approved a facility that may kickstart the Indian infrastructure bond market and ultimately channel substantial amounts of domestic and international pension and insurance funds into critically needed energy, railways, roads, water, and other infrastructure and utilities.

ADB and Procter & Gamble Co. are teaming up to explore the feasibility of building “waste-to-worth” energy plants in the Philippines that will generate up to two megawatts of power using solid waste collected from homes and businesses.

Myanmar could follow Asia’s fast growing economies and expand at 7% to 8% a year, become a middle income nation, and triple per capita income by 2030 if it can surmount substantial development challenges by further implementing across-the-board reforms, a new ADB study says.