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Ashok Lavasa

Mr. Ashok Lavasa is the Vice-President for Private Sector Operations and Public-Private Partnerships of the Asian Development Bank (ADB). He assumed the position in September 2020.

Mr. Ashok Lavasa is responsible for ADB’s Private Sector Operations as well as Public-Private Partnerships.

8 June 2021 ADB signs nonsovereign loan to power distribution company in India

ADB on 8 June 2021 signed a $90 million nonsovereign loan to upgrade the Bangalore Electricity Supply Company Limited (BESCOM) power distribution system, which will provide reliable electricity to more than 10 million people and essential industries in India’s leading technology hub. The nonsovereign loan, follows the $100 million sovereign loan signed on 31 December 2020, and is part of a first-of-its-kind combined financing package to a sub-sovereign entity in India’s power distribution sector. This financing structure reduces BESCOM’s reliance on sovereign-backed assistance while helping in its transition to market-based commercial financing. ADB's VP Ashok Lavasa, and Private Sector Operations Department Director General Suzanne Gaboury were among the officials who addressed the gathering. Read the news release.

1 June 2021 ADB participates in DFI Roundtable for Private Sector Operations

VP Ashok Lavasa and Private Sector Operations Department Director General Suzanne Gaboury participated in a virtual DFI Roundtable for Private Sector Operations hosted by IFC on 1 June 2021 to discuss greater cooperation in DFIs’ COVID-19 response and in collectively moving toward alignment with the Paris Agreement.

1 June 2021 ADB supports Uzbekistan in achieving green and sustainable power through public-private partnerships

VP Ashok Lavasa on 1 June 2021 met virtually with the President of Uzbekistan Shavkat Mirziyoyev during his visit to the site of the Sherabad Solar Project supported by ADB. United Arab Emirates’ Energy and Infrastructure Minister Suhail Mohamed Al Mazrouei and representatives from the Abu Dhabi Future Energy (Masdar), the project awarded company, also joined the meeting. VP Lavasa highlighted Uzbekistan’s progress over the last two years in public-private partnership development and expanding renewable energy and commended on the record-breaking tariff achieved by the Sherabad project, which will be the largest solar project in Central Asia with 457 megawatts of green, affordable, and sustainable power. The President of Uzbekistan thanked ADB for the constructive and trusted cooperation and emphasized the importance of the partnership. 

28 May 2021 ADB, Singapore discuss private sector financing, public-private partnerships, COVID-19 response, climate change

VP Ashok Lavasa on 28 May 2021 met virtually with Singapore Minister Indranee Rajah of the Prime Minister’s Office, who is also Second Minister for Finance and Second Minister for National Development. The discussion included updates on ADB private sector and public-private partnership activities and an exchange of views on a wide range of topics including the 2020 achievements of the ADB Singapore Office, ADB’s COVID-19 response, and initiatives in climate change and sustainable infrastructure. VP Lavasa identified areas of mutual interest for ADB and Singapore for future collaboration, including new technologies in renewable energy, developments in healthcare, and sustainable cities.

27 May 2021 ADB signs green loan for 144MW wind farms in Viet Nam

ADB on 27 May 2021 signed ADB’s $116 million green loan to build and operate three 48-megawatt (MW) wind farms, totaling 144 MW. It is ADB’s first financing of a wind power project in Viet Nam and will increase Viet Nam’s wind power capacity by 30%. As the mandated lead arranger and bookrunner, ADB arranged and syndicated the $173 million debt package with commercial banks, Japan International Cooperation Agency, and Export Finance Australia. Among those who joined the virtual signing ceremony from ADB were VP Ashok Lavasa and Private Sector Operations Department Director General Suzanne Gaboury. Read the news release.

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Mr. Ashok Lavasa is the Vice President for Private Sector Operations and Public Private Partnerships (VPPP) with the Asian Development Bank. He assumed office on 1 September 2020.

Prior to joining ADB, Mr. Lavasa was an Election Commissioner in India from January 2018 to August 2020, a constitutional position appointed by the President of India.

Mr. Lavasa served for nearly four decades with various government agencies in India including as Union Finance Secretary, Secretary Environment & Climate Change, and Secretary Civil Aviation. He also served as Additional Secretary and Special Secretary for Power. As a senior member of the Indian Administrative Service, Mr. Lavasa was associated with a broad array of public policy and program implementation initiatives covering the finance, power, environment and climate change, civil aviation, infrastructure, and tourism sectors. He led the official Indian delegation for climate negotiations for the Paris Agreement at COP21.

He is an author of a book titled An Uncivil Servant (Rupa: 2006) and has written several book chapters and academic papers covering climate change, economic policy, and energy. He holds an MPhil from Madras University, India, an MBA from Southern Cross University in Australia, and an MA from Delhi University, India.

Read the news release >>