TAG: "ADB"

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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.

ADB | October 01, 2024 | By Mrinmoy Dey |  334

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.

ADB | September 04, 2024 | By EI News Network |  382

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.

ADB | August 27, 2024 | By EI News Network |  456

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.

ADB | August 12, 2024 | By EI News Network |  438

ADB and KEGOC Forge USD 123 Million Partnership for Large-Scale Renewable Integration in Kazakhstan

ADB and KEGOC have teamed up for a USD 123 million project to enhance Kazakhstan’s power grid, facilitating large-scale renewable energy integration. The initiative includes new transmission lines and substation upgrades, boosting capacity by 75 percent and improving energy security.

ADB | July 23, 2024 | By EI News Network |  1077

ADB Commits USD 2.6 Billion to India for Urban and Industrial Development in 2023

ADB provided USD 23.53 million in technical assistance and USD 4.1 million in grants, and committed over USD 1 billion for private sector projects.

ADB | May 30, 2024 | By Abha Rustagi |  964

ADB Approves USD 148.5 Mn Loan to Support Power Distribution Sector in SIkkim

The project will upgrade and modernize Sikkim’s power distribution system by upgrading it with approximately 770 kilometers of climate-resilient medium-voltage underground and/or covered conductors.

ADB | May 17, 2024 | By News Bureau |  829

Asian Development Bank Raises INR 12.5 Billion in Landmark Green Bond Issue

The bond, denominated in Indian rupees but settled in United States dollars, introduces a unique feature where returns to investors are tied to the performance of the Indian currency, commonly known as masala bonds in the Indian financial community.

ADB | February 01, 2024 | By Abha Rustagi |  1400

NABARD and ADB Launch Initiative to Facilitate Climate Action in India

National Bank for Agriculture and Rural Development (NABARD) and Asian Development Bank (ADB), launched an initiative to facilitate climate action in India’s agriculture, natural resources, and rural development (ANR) sector.

ADB | December 19, 2023 | By News Bureau |  1459

IREDA Launches Retail Division and Advocates Sustainable Investment at COP28

Following the launch, IREDA's Retail division promptly approved its first loan, totaling INR 58 crores, under KUSUM-B.

ADB | December 11, 2023 | By Abha Rustagi |  2419

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