The World Meteorological Organization’s State of the Climate in Asia 2024 report warns that the region is warming nearly twice as fast as the global average, driving more extreme weather and posing serious threats to lives, ecosystems, and economies. In 2024, Asia experienced its warmest or second warmest year on …
The government on Monday signed a technical assistance grant agreement of $1.2 million with the Asian Development Bank to help sustain incomes and livelihoods of people in the erosion-prone main rivers. The assistance will help prepare the ‘Main River Flood and Bank Erosion Risk Management Programme’, which will enhance people’s …
The Asian Development Bank has announced participation in its first Shariah-compliant project financing by providing assistance to two projects to build wind farms near Karachi, using two partial credit guarantees worth up to $66 million to the Islamic Development Bank. IDB will use the assistance to finance two projects that …
The Asian Development Bank (ADB) has participated in its first Shariah-compliant project financing, providing assistance to two projects to build wind farms close to the port city of Karachi, using two partial credit guarantees worth up to $66 million to the Islamic Development Bank (IDB). “This transaction allows ADB to …
20-year master plan has been formulated for the development of the country’s road communication network. The Roads Department secretary, MAN Siddique, handed over a copy of the first-ever master plan to the communications minister, Obaidul Quader, on Tuesday. Experts of the master plan formulation committee, including the chief engineer of …
Wind developers in Pakistan have raised $133m in finance needed to press on with 100MW of capacity in the country. The Islamic Development Bank (IDB) and Asian Development Bank, plus a consortium of local institutions, arranged the transaction under Islamic finance terms. The deal will allow co-developers the Fauji Foundation …
In major development, the Manila-based Asian Development Bank (ADB) has agreed to provide huge funding amounting to $ 1.14 billion for converting the costly diesel run public sector power plants into coal based power houses owing to which their electricity generation cost would tumble by over 50 percent from Rs …
Uzbekistan has signed a deal with a consortium of foreign banks to obtain loans worth a total of $2.54 billion to build a gas and chemicals complex on its Surgil field, state oil and gas company Uzbekneftegaz said. Uzbekneftegaz said in a statement the signing ceremony had taken place in …
The Capital Development Authority (CDA) is faced with the catch-22 situation after the National Accountability Bureau has raised 22 objections on the transparency of the Rs.6.5 billion LED streetlights project. “We raised 22 objections on the tendering process as well as CDA’s objectives behind launching this multibillion rupees project,” said …
The government has got a commitment of $8.3 million (around Rs 720.93 million) grant under the Global Environment Facility (GEF). "Nepal has received a commitment of $2.7 million grant for biodiversity, $4 grant for climate change and $1.6 million grant for land degradation," chief of foreign assistance division under the …
Turkmenistan, Afghanistan, Pakistan, India to finalise agreement on transit fee next week. In an important decision, the Union Cabinet this evening gave its nod to sign a pricing agreement with Turkmenistan for the US-backed Turkmenistan-Afghanistan-Pakistan-India (TAPI) Gas Pipeline Project. The pipeline will terminate at Fazilka in Punjab. The Ministry of …
Guwahati, May 16: Assam power minister Pradyut Bordoloi today said the state would go for second generation reforms to help improve the power scenario. The first phase of reforms, carried out since 2005, saw the unbundling of the loss-making ASEB into five companies to enhance efficiency and encourage competition. This …
Thirteen countries, including China, Russia and India, will in New Delhi to take stock of their efforts to save the big cat, and exchange notes with each other in a global initiative for tiger conservation. The meeting will also see India and Russia signing a Joint Resolution of Agreed Actions …
The Oil Ministry has refused permission to public sector oil companies for acquiring Asian Development Bank's stake in Petronet LNG Ltd (PLL) so as to keep the nation's largest liquefied natural gas importer a private company. The ADB on August 23 last year offered to sell its 5.2 per cent …
The Asian Development Bank (ADB) will provide $ 50 million in loan to help improve the environment by financing more energy-efficient brick kilns in Bangladesh. ADB's Board of Directors approved the "Financing Brick Kiln Efficiency Improvement Project" on May 10. Under the project, the ADB will provide $50 million in …
In an ambitious plan, the Maharashtra State Power Generation Company Limited (MahaGenco) is planning to commission 280 MW solar power capacity by July 2013. The MahaGenco already has 5 MW solar power capacity at Chandrapur, while work on a 25 MW project at Sakhri in Dhule district has started. The …
The Asian Development Bank has started work on the feasibility study of the Rapid Bus Transit for Islamabad to examine whether the project would be feasible technically or financially. "A four-member team of the ADB has reached Islamabad and launched work on the feasibility study," said a senior official of …
The Asian Development Bank (ADB) has agreed to provide an assistance of US$ 56.8 million (equivalent to Rs 4.8 billion) to the government of Nepal for the implementation of Integrated Urban Development Project (IUDP). The agreement to this effect was signed between the government and ADB at the Ministry of …
To refurbish old tail-end sluices and construct new ones Chief Minister Jayalalithaa on Monday unveiled a Rs 1,560-crore project to refurbish old tail-end sluices and construct new ones in the Cauvery delta districts to conserve rainwater during the monsoon and take measures to prevent incursion of sea water into agriculture …
Manila The Asian Development Bank (ADB) will provide assistance of USD 6.25 billion to India over three years for various projects, including those in the energy and education sectors. "ADB's three-year country operations business plan for India for 2012-2014 will provide lending assistance of USD 6.25 billion to support inclusive …
Asia-Pacific countries were urged Friday to strive for economic growth that would not leave anyone behind in poverty and protect the environment despite risks from a weak global economy. While growth in the Asia-Pacific region is strong, Haruhiko Kuroda, president of the Manila-based Asian Development Bank, said successful economies must …
