ADB and ENGIE partner on 400MW solar power plant in Gujarat

ADB and ENGIE partner on 400MW solar power plant in Gujarat

In a significant move towards sustainable development, the Asian Development Bank (ADB) and the ENGIE group have inked a transformative deal to establish a 400-megawatt solar photovoltaic power plant in Surendranagar District, Gujarat, India. This project is not just a step but a leap forward in India’s ambitious goal to achieve at least 500 gigawatts […]

ADB and India ink $200m loan to boost urban services in Rajasthan

ADB and India ink $200m loan to boost urban services in Rajasthan

The Government of India has teamed up with the Asian Development Bank (ADB), securing a $200 million loan intended for the Rajasthan Secondary Towns Development Sector Project. This substantial funding aims to augment water supply and sanitation systems, improve urban resilience, and promote heritage living in selected towns throughout Rajasthan. The loan agreement was signed […]

Tata Power unit signs deal with ADB for grid enhancements and BESS in Delhi

Tata Power unit signs deal with ADB for grid enhancements and BESS in Delhi

Tata Power said that its distribution arm Tata Power Delhi Distribution Limited (TPDDL) has signed a deal with the Asian Development Bank (ADB) to improve the power distribution in Delhi with grid enhancements and battery energy storage system (BESS). In this connection, the parties entered into an agreement for the Asian Development Bank to subscribe […]

GE Grid Solutions to modernize 39 substations in Nepal

GE Grid Solutions to modernize 39 substations in Nepal

GE Renewable Energy, through its Grid Solutions business, has secured a multi-million-dollar contract from Nepal Electricity Authority (NEA) to strengthen Nepal’s power transmission network. The project, which is funded by the Asian Development Bank, is anticipated to enable Nepal to meet current and future demands, improve reliability and quality of supply, and minimize power transmission […]

ADB grants loan to Jointown Pharmaceutical for expanding pharma distribution network in China

ADB grants loan to Jointown Pharmaceutical for expanding pharma distribution network in China

The Asian Development Bank (ADB) has agreed to provide a loan of up to €30 million ($37 million) to Jointown Pharmaceutical Group for expanding pharmaceutical distribution facilities in the China (PRC). The loan will be used towards the construction and expansion of Jointown Pharmaceutical’s pharma distribution facilities in Haikou, Tangshan, and Nanjing. The three facilities […]

Malolos–Clark Railway Project : Three more contracts signed for Filipino project

Malolos–Clark Railway Project : Three more contracts signed for Filipino project

Construction on the Malolos–Clark Railway Project (MCRP) in the Philippines is all set to begin following the awarding of three civil works contracts with a combined price of over $1.7 billion by the Philippines’ Department of Transportation (DOTr). The Malolos–Clark Railway Project is a proposed 53.1 kilometer long railway line between Malolos and Clark economic […]

ADB grants $200m loan to reform Uzbekistan’s power sector

ADB grants $200m loan to reform Uzbekistan’s power sector

Uzbekistan has been granted a $200 million policy-based loan by the Asian Development Bank (ADB) for improving its power sector under the latter’s Power Sector Reform Program. The proceeds from the loan will be used by the central Asian country to enhance the power sector’s financial sustainability and ensure adequate investment in vital infrastructure. The […]