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ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members—49 from the region.

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.

23 March 2023 VP Lavasa speaks on just energy transition at G20 Dialogue in India

VP Ashok Lavasa delivered a welcome speech at the G20 Just Energy Transition Dialogue in New Delhi on 23 March 2023. He emphasized the importance of working on a just energy transition that is fair, inclusive, and sustainable for everyone concerned, creating decent opportunities for all and leaving no one behind. He highlighted ADB initiatives including the Just Transition Support Platform, Energy Transition Mechanism, and Just Transition Worker Support Facility in India which will accelerate the transition to low-carbon and resilient energy systems and economies. He noted that collaborative work on energy transition provides an opportunity to realize social goals such as decent work for all, poverty eradication, and gender equity. VP Lavasa observed that collaborative work not only helps address physical climate risks, but also makes a strong business sense.

23 March 2023 ADB commits $91 million loan to construct, operate biomass projects in India

VP Ashok Lavasa led a signing ceremony with SAEL Industries Limited on 23 March 2023 in New Delhi. The loan, which is ADB’s first private sector financing of a biomass energy project in India, will be used to construct and operate five biomass energy plants in Rajasthan, with total generation capacity of 74.5 megawatts. The project aims to reduce the burning of agricultural waste, provide additional income to farmers through the procurement of agricultural residues, and diversify the country's energy mix. Read the news release.

07 March 2023 VP Lavasa reaffirms ADB’s support to private sector and public-private partnerships in Viet Nam

VP Ashok Lavasa met with the State Bank of Viet Nam Governor and ADB Governor Nguyen Thi Hong, the Government Office Vice Chair Nguyen Xuan Thanh, the Vice Minister of Finance Vo Thanh Hung, and other senior government officials, business leaders, and development partners during a visit to Ha Noi on 7–10 March 2023. They discussed ADB's partnership in Viet Nam’s green, inclusive, and private sector-led growth, particularly through capital markets and sustainable infrastructure development. VP Lavasa joined the signing of the public-private partnerships memorandum of understanding with Viet Nam National University, the International Women’s Day celebration at ADB's Viet Nam Resident Mission, and visited an ADB project supporting sustainable mobility. 

08 February 2023 VP Lavasa speaks on just energy transition to Stanford Law students

VP Ashok Lavasa on 8 February 2023 shared online his insights on enabling a just energy transition in Asia and the Pacific at the Stanford Law School-led Environmental Law and Policy Colloquium. The VP identified a robust knowledge base, institutional capacity, meaningful partnerships with diverse stakeholders, innovative financing approaches, and private sector participation as key to the transition to low-carbon and resilient energy systems and economies. He said that while most conversations center on decarbonizing the energy supply, improving energy efficiency and promoting energy conservation are also important low-cost options.

20 January 2023 ADB commits $131 million towards container terminal upgrade in India

VP Ashok Lavasa participated in a signing ceremony between ADB and Nhava Sheva Freeport Terminal Private Limited on 20 January 2023 in New Delhi, making ADB’s first private sector financing of container terminal operations in India. The $131 million loan, including $69.6 million of cofinancing from LEAP, will be used to sustainably upgrade existing berths and yards and install additional energy-efficient equipment such as electric quay cranes in the Jawaharlal Nehru Port Container Terminal in Navi Mumbai Maharashtra. The project, aligned with the National Trade Facilitation Plan, National Monetization Pipeline, and Maritime India Vision 2030, will result in more efficient terminal operations and enhance international trade through efficient, transparent, and state-of-the-art logistics infrastructure at India's second largest port. ADB Infrastructure Finance Division 1 Director Shantanu Chakraborty signed the loan agreement during the ceremony. Read the news release

Mr. Ashok Lavasa is the Vice President for Private Sector Operations and Public Private Partnerships (VPPP) with the Asian Development Bank.

Prior to joining ADB in September 2020, 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 change negotiations for the Paris Agreement at COP21.

He is the author of a book ‘An Ordinary Life: Portrait of an Indian Generation’ published in July 2021 by Harper Collins. Earlier, he has authored 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 completed M. Phil. from Madras University (India), MBA from Southern Cross University (Australia) and MA (English) from Delhi University (India).

Read the news release >>