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 […]
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 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 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 […]
The Asian Development Bank (ADB) has sanctioned $25 million to help the government of the Philippines to buy COVID-19 vaccines in 2021. The financing is provided from the $125 million Health System Enhancement to Address and Limit COVID-19 project, approved by the ADB last August. It will help the Philippine government to pay advance to […]
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 […]
The Asian Development Bank (ADB) has sanctioned a loan of $500 million towards the construction of two new metro rail corridors for the Bengaluru Metro Rail Project in India. The two new metro lines will be mostly elevated and will have a total length of 56km, covering Outer Ring Road and National Highway 44 between […]
The Asian Development Bank (ADB) has signed a $186 million loan agreement with Phu Yen TTP Joint Stock Company (Phu Yen JSC) for the operating 257MW Hoa Hoi solar power plant in Vietnam’s Phu Yen Province. Phu Yen JSC is a joint venture of Thai power producer B.Grimm Power Public Company and Truong Thanh Viet […]
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 […]
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 […]