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 …
Project seeks to protect coastal districts from cyclones and flooding The Asian Development Bank (ADB) will provide a $100 million (Rs. 670 crore) loan to mitigate climate change risks in the Cauvery delta by strengthening six irrigation channels in the Vennar sub-basin and rehabilitating 13 irrigation pumping schemes. The ADB …
The Asian Development Bank signed a $300-million equivalent loan facility with Beijing Capital Group on Thursday to support wastewater treatment upgrades in the western part of China. With the support of ADB and Beijing Capital Group, a State-owned environmental service provider, the project will be able to provide reliable and …
Canada based Brookfield Asset Management which handles $200 bn of diversified assets across the globe is betting big on the Indian renewable energy sector and is preparing for its first major acquisition in the segment. " Brookfield Asset Management is in talks for a 100% buyout of the renewable energy …
Dr. Sunil Motiwal , Chief Executive Officer, SAARC Development Fund has confirmed that Asian Development Bank (ADB) and SAARC Development Fund (SDF) have agreed to collaborate for development of the SAARC region. According to the MoU signed between the two organizations on May 19, 2016 they have agreed to • …
DEHRADUN: As financial crunch proved a major stumbling block for authorities in their efforts to keep forest fires in check, the Asian Development Bank (ADB) has offered an aid of Rs 500 crore to Uttarakhand forest department to help it fight forest fires for the next five years. According to …
Share-sale pact likely in 2-3 wks; Tatas explore PE, SWF route for funds Tata Power, the country's largest integrated power utilities company, looks set to acquire the renewable energy assets of the diversified Welspun Group, valuing the 1,152 mw portfolio of operational and almost ready solar and wind farms at …
ADB has approved up to USD 175 million (over 1,164 crore) loan for private renewable energy development to Mytrah Energies (India) Ltd (MEIL) for wind and solar power projects, which will generate up to 1,200 gigawatt-hours of clean energy a year. One of India's fastest growing independent power producers from …
MANILA, 25th April, 2016 (WAM) - The Asian Development Bank (ADB) has approved a loan of $60 million to help water service providers outside Metro Manila improve water and sanitation assets needed to cut water-borne diseases by boosting access to safe water and reducing environmental pollution. The loan to the …
ReNew Power Ventures Private Limited became the first company to cross an installed capacity of 1 Giga Watts (GW) from its clean energy projects in India with the commissioning of 1060MW of projects as on March 31, 2016, a company statement said. The company is backed by investors such as …
NEW DELHI: India has sought USD 500 million from the newly created, China-led Asian Infrastructure Investment Bank (AIIB) for solar power projects. "We have applied for USD 500 million funding from AIIB. Besides, USD 1 billion loans each from the World Bank and ADB has also been sought energy projects," …
Pakistan's economy will continue to pick up in fiscal year (FY) 2016 as reform and stabilization measures provide a lift, with higher foreign exchange reserves, and softer inflation and oil prices also supporting the overall macroeconomic outlook, says the Asian Development Bank (ADB) in its latest flagship annual economic report. …
The Asian Development Bank (ADB) has approved a project loan of nearly $197 million to continue rebuilding highways and bridges damaged in Pakistan's worst-ever floods in 2010. The funds will also be used to train staff in disaster management units at the National Highway Authority (NHA), giving them the ability …
The US Agency for International Development (USAID) and Asian Development Bank today signed a pact for providing Rs 5,681 crore (USD 848 million) to develop solar parks across India, as part of clean energy infrastructure in the country. The agreement was signed by Jonathan Addleton, Mission Director, USAID for India …
Asian Development Bank and the US Agency for International Development will assist India in developing the clean energy infrastructure by collaborating on design and development of PPP investment models for solar parks. Asian Development Bank (ADB) and the United States Agency for International Development (USAID) today signed a Memorandum of …
The Asian Development Bank (ADB) said on Monday it would lend $123.3 million to the Philippines to modernize water supply in the capital, Manila, to reduce the risk of shortages as demand for water rises in the megacity. The loan will allow the Metropolitan Waterworks and Sewerage System, a government-owned …
DEHRADUN: In a bid to end irregularities in water bills in the city, the Asian Development Bank (ADB) is planning to install water meters across Dehradun. Initially, ADB would be launching a pilot project in a few areas of the capital like Indira Nagar, Basant Vihar and few others where …
Representatives of 23 cities which could not make it to the first list have a chance to submit revised proposals to the Urban Development Ministry by April 15 Representatives of 23 cities, which could not make it to the first list of Smart Cities, will interact with officials of 20 …
The Government of Assam has taken up several projects for rolling out a well-laid-out network of drinking water supply to the city dwellers, a press release issued today claimed. At present, the water supply facilities in Guwahati Metropolitan area are being operated by three departments – Guwahati Municipal Corporation (GMC), …
Economic losses from the impacts of climate change in Southeast Asia could be 60% higher than previously estimated, reducing the region’s gross domestic product (GDP) by up to 11% by 2100, according to a new Asian Development Bank (ADB) study. The analysis is an update to a 2009 ADB report …
NEW DELHI: Multilateral lending agency Asian Development Bank will provide USD 1 billion loan to central transmission utility Power Grid Corp for renewable energy transmission and grid expansion in India. "ADB is to provide a USD 500 million government-backed loan and a further US 500 million in non-sovereign lending to …
