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 …
Multilateral funding agency Asian Development Bank today said it would provide Rs 250 crore ($48 million) loan to Reliance Power for its solar energy project in Rajasthan. "ADB is providing a long-term loan of up to Rs 250 crore to finance the 40 MW Dahanu Solar Power Project located at …
Asian Development Bank (ADB) said on Monday it is part-funding a project with India's Reliance Power to build what it said would be India's largest solar photovoltaic power plant. The plant marks Reliance Power's first foray into solar energy and is part of its strategy to expand its renewable energy …
Decks have been cleared for mobilising resources from the World Bank (WB) and Asian Development Bank (ADB) for the development of 367 kms of roads under the second phase of the Kerala State Transport Project (KSTP) and upgrading of 1000 kms of road under the State Road Improvement Project (SRIP) …
Devastating floods in Thailand and other parts of Asia are a wake-up call to governments to do more to cope with the effects of climate change, a top Asian Development Bank official has warned. Asia is dotted with large coastal cities from Shanghai to Calcutta that are vulnerable to flooding, …
Gangtok, Nov 30: Sikkim has been officially declared as a ‘Disaster Affected State’ by the government to avail soft loans and other facilities from banks, official sources said today. It was also to source funds from international funding agencies such as the Asian Development Bank and the World Bank, the …
The State government, which has already borrowed about $650 million from external sources to upgrade some of the major roads and State highways, recently made additional borrowings of $15 million to implement road works of 3,411 km in the State. The roads, the upgrading of which was taken up under …
GUWAHATI: With Union Rural Minister Jairam Ramesh assuring the State government of providing funds from the Asian Development Bank for construction of 1,000 kms of roads in the State, State PWD Minister Ajanta Neog has asked the officials of her department to prepare the estimates for construction of roads in …
Assam is in line for another $300 million assistance from Asian Development Bank (ADB) for improving its power sector. The assistance has been earmarked in the loan pipeline agreed upon between the ADB and the Centre, as mentioned in the Country Operations Business Plan for 2012-2014. “Discussions between the ADB, …
Ties up loans from US Exim Bank and Asian Development Bank for solar power project. Reliance Power has tied up loans of . 525 crore from US Exim Bank and Asian Development Bank to finance its 40-mw photovoltaic solar power project in Jaisalmer district in Rajasthan, company officials told ET. …
The Asian Development Bank will provide Rs 221 crore to Reliance Power for its Rs 700-crore 40 MW solar project in Rajasthan. The US Exim Bank has already agreed to fund Rs 304 crore. With this, RPower has completed the financial closure of the project. The debt to equity ratio …
High-speed connectivity between the regional centres of the National Capital Region will soon become reality, with Minister of Urban Development Kamal Nath giving in-principle approval to the concept proposal of implementing the Regional Rapid Transit System (RRTS) along three important corridors. The RRTS will come along the Delhi-Gurgaon-Alwar, Delhi-Sonepat-Panipat and …
National Disaster Management Authority (NDMA) chairman Zafar Iqbal Qadir has said that out of $216 million pledged by donors for flood relief efforts Pakistan has so far received $125.5 million in cash and relief goods worth $11 million. Addressing a press conference on Thursday, he said the situation in Sindh …
The Executive Committee of the National Economic Council yesterday approved six development projects involving Tk 3,907 crore, including the 450 megawatt Ashuganj power plant project. The approval was given at a meeting of the Ecnec with its chairperson Prime Minister Sheikh Hasina in the chair. The Ashuganj 450-MW combined cycle …
The Citizens for Clean Environment (CCE), an NGO, has called upon the Supreme Court of Pakistan to take suo motu action against the proposed Daral Khwar hydropower project on Daral river, a tributary of the Swat River in Bahrain, Swat. In a statement on Friday the NGO said it had …
Guwahati, Oct. 27: Assam’s power sector will substantially improve with the involvement of Asian Development Bank (ADB) as it will help meet the increasing demand and bring down the transmission and distribution losses. A report brought out by the ADB on India-ADB Development Partnership recently said the electricity sector in …
Guwahati, Oct. 19: The Asian Development Bank (ADB) will release $20 million as the third instalment of a $100 million loan for Assam, satisfied with the government’s performance on fiscal reforms. The ADB had approved a loan of $100 million in September 2008 for the second subprogram of the Assam …
State-owned NTPC today said it had formed a joint venture with the Asian Development Bank (ADB) and Kyuden International Corporation to develop clean energy projects in India in the next three years. The JV, Pan Asian Renewables Pvt Ltd, has been incorporated among NTPC, ADB and Kyuden International Corporation to …
New Delhi The ministry of environment and forests (MoEF) has selected four sectors in the country to seek funding from the World Bank and Asian Development Bank supported Clean Technology Fund (CTF) to complement the ongoing National Action Plan on Climate Change (NAPCC) and the low carbon growth path. The …
National Thermal Power Corporation Ltd (NTPC) has said that a joint venture company under the name ‘Pan-Asian Renewables Private Ltd’ has been incorporated on October 14 with NTPC Ltd, Asian Development Bank (ADB) and Kyuden International Corporation, a wholly owned subsidiary of Kyushu Electric Power Company Inc. (Kyushu), as partners. …
The State Government intends to set up a company that will deal with construction of roads, according to Mr V. K. Ebrahim Kunju, Minister for Public Works. The State Government will have a 51 per cent stake in the company and the rest will be held by the Kerala Road …
