ADB yet to notify Asia Energy
ADB yet to notify Asia Energy Staff Correspondent Global Coal Management, owning company of Asia Energy, has yet to be notified of any decision by Asian Development Bank which was undertaking due diligence for possible investment in the project, said a press release on Tuesday. The lending agency's private sector operations department was expected to participate with a loan of $100 million and a political risk guarantee of $200 million for an open pit mine at Phulbari in Dinajpur proposed by Asia Energy, a subsidiary of the UK-based Global Coal Management.