ADB's Focus on Energy
In the Spotlight
ADB signed a loan agreement of approximately $175.3 million with PT Supreme Energy Rantau Dedap to help finance the second phase of the company's geothermal power project in South Sumatra Province, Indonesia.
In Multan, a city in Pakistan's eastern province of Punjab, a group of women is receiving training as solar panel technicians. This initiative is providing them with new income opportunities and raising their status in society.
ADB has signed a $60 million grant to provide more electricity for Afghan households, businesses, and industry by extending the national grid connectivity into eastern provinces and strengthening the northeast power system.
ADB, the European Union, and the governments of New Zealand and Samoa commissioned three hydropower plants, cofinanced from the Samoa Renewable Energy Development and Power Sector Rehabilitation Project, which will help increase the country’s energy security.
Energy demand is projected to almost double in the Asia and Pacific region by 2030. There is an urgent need for innovative ways to generate power in a socially, economically, and environmentally sustainable manner. Compounding the problem is widespread energy poverty across Asia, with almost a billion people still without access to electricity.
What energy issues and trends have identified as priorities in developing Asia and the Pacific in order to achieve access to clean energy for all?