News

EBRD invests in expansion of Green for Growth Fund

The European Bank for Reconstruction and Development (EBRD) is boosting the activities of the Green for Growth Fund (GGF) with an investment of 25 million euros, which will promote investments in renewable energy and energy efficiency projects in south-eastern Europe and the European Neighborhood region (Armenia, Azerbaijan, Georgia, Moldova, and Ukraine).

ADB warming up cold IMAR with low carbon, low emissions heating

The Asian Development Bank (ADB) has approved a loan of $150 million to introduce a first-of-its-kind low carbon and low emissions heating system utilizing natural gas and wind power, in Hohhot, capital of the Inner Mongolia Autonomous Region (IMAR) of the People’s Republic of China (PRC).

ADB continues support to improve electricity supply in Tajikistan

The Asian Development Bank (ADB) has approved a $54 million grant to improve the electricity supply to households and industry in Tajikistan.

ADB to help modernize Kyrgyz Republic’s largest power plant

The Asian Development Bank (ADB) is extending an assistance package of $110 million to help upgrade the Kyrgyz Republic’s largest power plant, Toktogul, which produces 40% of the country’s electricity supply and regulates power frequency for Central Asia.

For the first time in Kyrgyz Republic, EBRD, and EU celebrate sustainable energy achievements

The first awards ceremony for achievements in sustainable energy has been held in Bishkek, the capital of the Kyrgyz Republic, for work carried out under the European Bank for Reconstruction and Development’s Kyrgyz Sustainable Energy Financing Facility.

New TAPI pipeline company holds first board meeting, appoints chairman

The Board of Directors of TAPI Pipeline Company Limited (TPCL) held its first meeting in Ashgabat, Turkmenistan and appointed Mr. Mobin Saulat, Managing Director of Inter State Gas Systems (Private) Limited of Pakistan, as the Chairman of the Board for purposes of the meeting.

Turkmenistan, Afghanistan, Pakistan, and India establish landmark TAPI pipeline company

The four state gas companies of Turkmenistan, Afghanistan, Pakistan, and India have established a company that will build, own and operate the planned 1,800-kilometer Turkmenistan-Afghanistan-Pakistan-India (TAPI) natural gas pipeline.

ADB president visits Kyrgyz Republic to strengthen partnership, attend CAREC ministerial meeting

Asian Development Bank (ADB) President Takehiko Nakao met with President Almazbek Atambaev and Prime Minister Djoomart Otorbaev during his two-day visit to the Kyrgyz Republic to discuss ADB’s support for the government’s development agenda, and the need to continue the focus on poverty reduction and inclusive growth.

ADB supports forum to promote investment in Georgia

The Asian Development Bank and the Government of Georgia opened the inaugural international investment forum—"Georgia – Regional Hub and Asia's Gateway to Europe"—to promote the country as an attractive investment destination.

World Bank Group’s managing director visits Kazakhstan, discusses development priorities and enhanced collaboration

The World Bank Group’s Managing Director and Chief Operating Officer, Sri Mulyani Indrawati, paid an official visit to Kazakhstan. The main goal of the visit was to discuss the World Bank Group enhanced collaboration with Kazakhstan under the new Partnership Framework Arrangement signed in May 2014.