News Releases

Latest News Releases


ADB is working with the governments of Norway and Japan under two different projects to help Bhutan better manage its clean energy and water resources.

ADB has signed a $350 million financing package supporting the construction of the 320 megawatt Sarulla Geothermal Power Development Project in North Sumatra, Indonesia, an investment expected to unlock clean energy investments across the country, which holds 40% of the world’s geothermal resources.

The governments of Japan, United Kingdom (UK), and the United States (US) will continue their support for improving and maintaining Afghanistan’s key roads, power plants, and other infrastructure by providing an additional $286 million to the Afghanistan Infrastructure Trust Fund.

ADB's headquarters in Manila is now meeting all its energy needs from renewable sources following a geothermal power supply agreement with AdventEnergy Inc., a licensed retail electricity supplier of Aboitiz Power.

ADB and the Government of India today signed a $350 million loan for selective transmission and distribution system improvements critical for meeting the growing demand of power in Madhya Pradesh.

ADB and the Government of Pakistan today signed an agreement under which ADB will provide $900 million for the 600 megawatt Jamshoro supercritical coal-fired power plant.

It is critical that Asia’s precious but increasingly scarce water resources are managed in a coordinated way to ensure the region has not only sufficient water but also enough food and energy to meet its needs, ADB President Takehiko Nakao said today.

ADB has approved a loan of $167.2 million for eight distribution companies in Pakistan to improve the power distribution system to help provide reliable, regular electricity to businesses and domestic consumers.

ADB will provide a $150 million loan to Petronet LNG Ltd to increase the capacity of Petronet’s LNG terminal in Gujarat state in India to help reduce the unmet energy demand in the country, which has been one of the major constraints for efficient economic growth.

ADB has approved a $350 million loan for power asset upgrades that will allow the Indian state of Madhya Pradesh to meet booming consumer demand for power.