TAG: "Asian Development Bank"

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Vikran Engineering Bags INR 530.8 Crore Distribution Infra Contracts from MSEDCL

Vikran Engineering has secured LoAs worth INR 530.80 crore from Maharashtra State Electricity Distribution Company (MSEDCL) for distribution infrastructure works in Nashik and Kolhapur zones under an ADB-funded Power Distribution Enhancement Program.

Asian Development Bank | April 04, 2026 | By Mrinmoy Dey |  640

ADB Sanctions USD 650 Million Loan to Accelerate Rooftop Solar Adoption in India

The Asian Development Bank has approved a USD 650 million loan to help India speed up rooftop solar adoption under PM Surya Ghar Yojana and bring clean, low-cost electricity to 10 million homes by 2027.

Asian Development Bank | December 03, 2025 | By Mrinmoy Dey |  841

ReNew Secures USD 331 Mn Funding from ADB for 837 MWp Wind Solar Project with 415 MWh BESS

ReNew Energy Global has secured USD 331 million in financing from the Asian Development Bank to develop a round-the-clock peak renewable energy project with 837 MWp of wind and solar capacity integrated with a 415 MWh battery storage system in Andhra Pradesh.

Asian Development Bank | November 10, 2025 | By Mrinmoy Dey |  1254

ADB Sanctions USD 460 Million Loan to Support Agricultural Solarisation in Maharashtra

ADB has approved a USD 460 million loan, plus USD 40 million from the Clean Technology Fund, to solarise agriculture in Maharashtra by upgrading 180 substations, installing 4,500 transformers, adding 4,200 ckm of power lines, deploying 500 MWh of battery storage, and supporting 1,000 MW of decentralised solar power generation.

Asian Development Bank | October 30, 2025 | By Mrinmoy Dey |  1339

GCF Approves USD 200 Million for ADB-Led Green Finance Program to Boost Clean Energy Investment in India

The Green Climate Fund (GCF) has approved USD 200 million for a new Asian Development Bank (ADB)-led program which aims to unlock large-scale public and private investment in high-impact and emerging clean energy sectors in India.

Asian Development Bank | July 04, 2025 | By News Bureau |  1843

ADB Commits USD 10 Billion for ASEAN Power Grid to Expedite Cross-border Connections

Asian Development Bank (ADB) President Masato Kanda announced a USD 10 billion commitment to accelerate the ASEAN Power Grid, emphasising the initiative’s role in enhancing regional energy security, connectivity, and economic resilience.

Asian Development Bank | May 14, 2025 | By Mrinmoy Dey |  1321

ADB Inks MoU with AIIB, Azerbaijan, Kazakhstan, and Uzbekistan for Caspian Green Energy Corridor

The Asian Development Bank (ADB), Asian Infrastructure Investment Bank (AIIB), and the energy ministries of Azerbaijan, Kazakhstan, and Uzbekistan have signed an MoU to support a feasibility study for the Caspian Green Energy Corridor, advancing regional clean energy cooperation under the CAREC program.

Asian Development Bank | April 14, 2025 | By Mrinmoy Dey |  1403

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 |  2138

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 |  2737

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 |  1742

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