News

Georgia joins the race to produce green hydrogen

The Georgian government, realizing that water currently spilled during the summer months would be put to better use producing hydrogen, has asked the EBRD to explore the country’s potential for generating green hydrogen, which could then be blended and transported to end -users through existing gas pipelines.

EBRD and GCF boost climate financing for Mongolian enterprises

Smaller firms in Mongolia will benefit from new opportunities to make their businesses more energy efficient and productive, thanks to a $4 million loan provided by the European Bank for Reconstruction and Development (EBRD) and the Green Climate Fund (GCF) to XacLeasing, one of the country’s largest financial leasing companies.

ADB plans $323 million in grants to support Tajikistan during 2021–2023

The Asian Development Bank (ADB) plans to provide $323 million in grants to Tajikistan from 2021–2023 to help address the country’s development needs, according to the bank’s updated Country Operations Business Plan. In addition, $5.25 million is planned as technical assistance for knowledge and project preparation over the same period.

EBRD welcomes adoption of key energy efficiency laws in Georgia

The Law on Energy Efficiency and the Law on Energy Performance of Buildings will enable Georgia to realize energy savings of 14% 2025, thereby helping the country to meet its international obligations in combating climate change, increase its energy security and strengthen its energy links with the EU.

EBRD ensures sustainable operations of KazTransGaz

The facility of up to €243.5 million will help KazTransGas address the company’s liquidity and working-capital needs caused by the economic impact of the coronavirus crisis, and will also secure the uninterrupted supply of natural gas to households across Kazakhstan.

ADB, APPC sign loan for gas-fired power plant to enhance Afghanistan’s energy security

The Asian Development Bank (ADB) and the Afghan Power Plant Company Limited (APPC) signed a $10 million loan as part of a financing package for the Mazar gas-fired power plant, supporting Afghanistan’s efforts to achieve long-term energy security through affordable domestic power sources

ADB, Mongolia sign 3 loans to boost COVID-19 response, renewable energy

The loans and grant comprise of $100 million loan for the COVID-19 Rapid Response Program, $30 million additional financing for the Fifth Health Sector Project to further strengthen the country’s preparedness and response to COVID-19, and $100 million loan and $3 million grant for the First Utility Scale Energy Storage Project.

World Bank approves $53 million to improve heating services and support sustainable livelihoods in Mongolia

The World Bank’s Board of Executive Directors approved $53 million in financing for Ulaanbaatar Heating Sector Improvement Project and Additional Financing of the Third Sustainable Livelihoods Project.

EBRD and Georgia step up cooperation during crisis

The EBRD has made available an emergency Solidarity Package of €1 billion for its existing clients across 38 economies, including clients in Georgia.

World Bank supports sustainable and efficient power sector in Tajikistan

The World Bank’s Board of Executive Directors approved $134 million in grant financing from the International Development Association for the Power Utility Financial Recovery Project with the overall objective of ensuring the viability and efficiency of Tajikistan’s power sector.