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 Executive Committee of the National Economic Council (ECNEC) on Tuesday approved the ‘Enhancement of Capacity of Grid Substations and Transmission Line for Rural Electrification’ project costing TK 1,332.68 crore to improve rural power supply system in five divisions, reports UNB. The approval came from the ECNEC meeting held at …
The National Transmission Line of electricity is yet to reach Dhaubadi-1 of Nawalparasi but the homes here are all lit with wind energy. The locals who were forced to spend dark nights with the help of oil-fed lamps are now enjoying 24 hour power supply, thanks to support of the …
The Sri Lankan government has received a US$ 116.63 million loan from the Asian Development Bank (ADB) to rehabilitate around 10 kilometers of sewer Lines in the greater Colombo area. The Greater Colombo Waste Water Management Project, funded by the ADB will rehabilitate selected 10 km of sewer lines and …
Sri Lanka's Ministry of Power and Energy has initiated a program to grant concessionary loans to the low income groups to electrify their households. Under the program, the low income families in rural areas will be given a maximum loan of 40,000 rupees to obtain electricity facilities. They can use …
Pakistan and Asian Development Bank (ADB) on Monday formally signed loan agreement wherein the Bank would provide $400 million to Islamabad for the much needed energy sector reforms. Werner E. Liepach, ADB’s Country Director for Pakistan and Nargis Sethi, Secretary, Economic Affairs Division, signed the agreement. Finance Minister Senator Ishaq …
ADB will provide $250 million for a project of Dhaka WASA to develop an environmentally sustainable water supply system in the city. The government and the ADB signed a loan agreement in this regard recently. Under the project, 50 crore litre water to be produced per day from the river …
Scheme aims at ensuring stable and uninterrupted supply of power to consumers in Bhubaneswar and Cuttack The state energy department has secured in-principle nod for its ambitious State Capital Region Improvement in Power System (SCRIPS) scheme planned at an investment of Rs 1,500 crore. The scheme, aiming at ensuring stable …
Manila based multi-lateral funding body Asian Development Bank (ADB) on Thursday said it would realign its operations in the Asia-Pacific region to give a thrust to inclusiveness, saying the region continues to face huge poverty challenges. "The Asia-Pacific region is changing fast- and so must ADB. The challenge for ADB …
The Asian development Bank (ADB) will provide $ 250 million to Bangladesh for ‘Dhaka Environmentally Sustainable Water Supply’ to increase supply of surface water in the capital, reports UNB. Economic Relations Division (ERD) secretary Md Mejbahuddin and ADB new country director Kazuhiko Higuchi will sign a concessional loan agreement on …
Parts of the grant would be used to improve energy efficiency and to encourage renewable energy use Energy: The Norwegian government allocated USD 5.7M for the country to conduct pre-feasibility studies of three new hydropower projects, improve energy efficiency and encourage renewable energy use, recently. The grant will be used …
The Asian Development Bank has cut India’s growth projection for 2014-15 to 5.5% against 5.7% estimated earlier on account of weaker than expected industrial growth. The Manila based institution in its Asian Development Outlook 2014 released on Tuesday pointed out that government needed to clear projects quickly and boost manufacturing, …
Three projects have received funding support from the Sanitation Financing Partnership Trust Fund, created last year by the Asian Development Bank, in recognition that complex urban and coastal environments require new approaches to septage management. The Fund had been created to provide safe sanitation to families in Asia’s cities and …
Pakistan is expected to receive $1.5 billion next month from the World Bank and Asian Development Bank as part of growth and energy sector programme loans, according to an official. When contacted, Finance Secretary Dr Waqar Masood Khan confirmed that the World Bank would disburse $1bn -- $500 million under …
The cabinet is likely to approve today (Monday) formation of two mass transport companies under cent per cent government ownership, to launch first of its kind high-passenger-capacity transport system to mange the city's chaotic traffic situation. The formation of Dhaka Mass Transit Company Limited (DMTC) and Dhaka Bus Rapid Transit …
Only one of the four sewage treatment plants established 20 years ago in Peshawar is functional, while the other three have been lying abandoned. Sources said that currently the market value of the land of the sewage treatment plants was in billions, but it couldn’t be utilised for the purpose …
The project would fund about 1,800 circuit kilometres of transmission lines ADB passes $350 million loan for Madhya Pradesh power transmission The government Monday signed a $350 million loan from the Asian Development Bank (ADB) for improving the power transmission and distribution system in Madhya Pradesh, the finance ministry said …
Thursday, February 13, 2014 - Islamabad—The Asian Development Bank (ADB) and the Government of Pakistan Wednesday signed an agreement under which ADB will provide $900 million for the 600 MW Jamshoro supercritical coal-fired power plant. ADB Vice President Wencai Zhang, Director General of the Central and West Asia Department Klaus …
Pakistan and Asian Development Bank (ADB) on Wednesday signed the Loan Agreement worth $900 million for Jamshoro Power Generation Project. Secretary Economic Affairs Division Ms. Nargis Sethi and Country Director, Asian Development Bank, Werner E. Liepach has signed the loan agreement in the presence of Finance Minister Senator Mohammad Ishaq …
The Asian Development Bank is set to provide a loan of $310 million to enhance the country's power supply system and reduce power outages and shortages. “Deficiencies in power generation, supply and distribution are constraining businesses and undermining people's quality of life, with the poor suffering the most,” said Stefan …
The Government of Bangladesh Tuesday signed an agreement with the Asian Development Bank (ADB) for $310 million in loans to further improve the country’s power-supply system to get rid of outages and expand the electricity network as half the population still remains outside the important development matrix. It also signed …
