TAG: "Asian Development Bank"

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ADB and Shriram Finance to Accelerate MSME and EV Financing in India

ADB’s loan also supports the government’s initiatives to reduce air pollution through the adoption of EVs and low-emission (Bharat Stage-VI compliant) vehicles.

Asian Development Bank | March 26, 2025 | By Aishwarya | 737

IFC, ADB, and DEG Secure Stake in Fourth Partner Energy Following CCI Approval

The Competition Commission of India has approved the acquisition of a stake in Fourth Partner Energy by IFC, ADB, and DEG, with a combined investment of USD 275 million, enhancing the company’s renewable energy operations.

Asian Development Bank | January 02, 2025 | By EI News Network | 1229

Tata Power Secures USD 4.25 Billion from Asian Development Bank for Clean Energy Power Projects

Tata Power has signed an MoU with the Asian Development Bank (ADB) to evaluate financing of USD 4.25 billion for Tata Power’s various ongoing clean energy and power infrastructure projects in India including 966 MW solar-wind hybrid project, and pumped hydro storage projects.

Asian Development Bank | November 21, 2024 | By Mrinmoy Dey | 958

CESL Invites Bids to Procure Electric Cycles for Nationwide Micro-Mobility Solutions

CESL invites bids to supply electric cycles under a pilot project aimed at enhancing rural transportation and empowering Small Help Group's (SHG) women. With international funding, the initiative supports sustainable mobility, economic growth, and India’s clean energy objectives.

Asian Development Bank | November 10, 2024 | By EI News Network | 757

ADB Approves USD 434.25 Million Loan for 500 MW Solar PV Project in Assam

The Asian Development Bank (ADB) has approved a USD 434.25 million loan to construct a grid-connected solar photovoltaic (PV) facility in Karbi Anglong district with a capacity of 500 MW.

Asian Development Bank | October 25, 2024 | By Mrinmoy Dey | 888

Vivriti Capital Secures USD 25 Million from ADB via Climate Bond

Vivriti Capital Ltd. has raised USD 25 Million through a certified climate bond. The proceeds will be used to finance companies engaged in sectors including electric vehicles, solar and wind energy, and waste management.

Asian Development Bank | October 01, 2024 | By Mrinmoy Dey | 3333

ADB, JBM Group Sign INR 3.6 Billion Deal to Ease Access of Electric Buses in India

The loan will support the procurement of up to 650 e-buses, as well as fund the cost of operations, maintenance, and deployment of depots and charging infrastructure.

Asian Development Bank | September 18, 2024 | By Aishwarya | 1003

SFD Signs USD 25 Mn Deal with ADB for RE Project in Solomon Islands

The Saudi Fund for Development (SFD) has signed a USD 25 million deal with the Asian Development Bank (ADB) to co-finance a new renewable energy project in the Solomon Islands. This initiative aims to reduce the islands' dependence on fossil fuels, promote sustainable development, and marks SFD's first project in the region.

Asian Development Bank | September 04, 2024 | By EI News Network | 826

Uzbekistan to Launch Major Solar and Battery Project with ADB’s Support

Uzbekistan is set to launch the Samarkand 1 Solar PV and Battery Storage Project, a landmark initiative involving 500 MWh of storage and substantial solar capacity, enhancing the country’s energy infrastructure.

Asian Development Bank | August 27, 2024 | By EI News Network | 1003

EESL Invites Bids for 70 MW Solar Power Projects in Maharashtra

EESL seeks bids for 70 MW solar power systems across Maharashtra, including design, engineering, and maintenance, with a 12-year contract. Deadline is set as 20 September 2024.

Asian Development Bank | August 12, 2024 | By EI News Network | 754