News

Georgia power reforms support economic growth – ADB report

Georgia’s power sector reforms over the past two decades have resulted in a dramatic turnaround in service and efficiency, which has helped support a resurgence of economic growth, says a new Asian Development Bank (ADB) report.

EBRD helps improve district heating in Kazakhstan

The EBRD, with the support of the Climate Investments Funds (CIFs), is helping the citizens of Pavlodar in Kazakhstan enjoy better heating services.

ADB operations in Tajikistan remain strong

The performance of projects and programs supported by the Asian Development Bank (ADB) in Tajikistan remains strong; they have successfully helped improve people’s lives through better road connectivity and more reliable power supply.

KICB and EBRD support private Kyrgyz chain of petrol stations

The Kyrgyz Investment and Credit Bank (KICB) and the European Bank for Reconstruction and Development (EBRD) are continuing to support medium-sized private companies in the Kyrgyz Republic through a special joint-financing mechanism which makes it possible to offer larger and longer-term financing.

Tajikistan and EBRD agree to work on energy reform

The Government of Tajikistan and the EBRD signed a Memorandum of Understanding (MoU) detailing the reform agenda which is the precondition to the financing of the landmark regional electricity transmission project, known as CASA 1000.

ADB, Azerbaijan sign a $1 billion MOU to upgrade power distribution network

The Asian Development Bank (ADB) and Government of Azerbaijan have signed a Memorandum of Understanding for a $1 billion investment program to rehabilitate and expand the country’s power distribution network.

IFC, ADB, EBRD, Tata Power, and Clean Energy help Georgia achieve energy self-sufficiency

The International Finance Corporation, a member of the World Bank Group, the Asian Development Bank, and the European Bank for Reconstruction and Development are helping Georgia tap its hydropower potential and achieve energy self-sufficiency by investing in the construction and operation of the Shuakhevi hydropower plant.

World Bank supports energy sector development in the Kyrgyz Republic

The World Bank’s Board of Executive Directors approved a $24 million Energy Sector Development Policy Operation for the Kyrgyz Republic. The operation will support the Kyrgyz Republic’s reforms aimed at long-term energy supply reliability, through a single tranche of a highly concessional credit of $13.2 million and a grant of $10.8 million to be paid directly to the Kyrgyz budget.

World Bank supports energy sector development in the Kyrgyz Republic

The World Bank’s Board of Executive Directors approved a $24 million Energy Sector Development Policy Operation for the Kyrgyz Republic.

EBRD provides new funds for energy efficiency in Kyrgyz Republic via KICB

The EBRD has provided new lending to Kyrgyz Investment and Credit Bank (KICB), one of its partner banks in the Kyrgyz Republic, to increase financing for energy efficiency projects.