News

ADB, Baikonyr sign deal to develop solar power in Kazakhstan

The Asian Development Bank (ADB) signed a $11.5 million loan in tenge equivalent with Baikonyr Solar Limited Liability Partnership (Baikonyr Solar LLP) to support the development of solar power in Kazakhstan and further enhance the country’s energy security through increased renewable sources.

ADB provides $75 million to upgrade Mardan–Swabi road in Khyber Pakhtunkhwa

The Asian Development Bank (ADB) and the Government of Pakistan signed a loan agreement for $75 million to widen and upgrade 42 kilometers of the busy Mardan–Swabi road in the Khyber Pakhtunkhwa province in Pakistan.

ADB support key to strengthen Pakistan’s energy sector: Independent Evaluation

The Asian Development Bank’s (ADB) support to Pakistan’s energy sector has produced positive results from investment programs supporting three key areas: conventional generation, power transmission, and, to a lesser extent, electricity distribution, according to a report by Independent Evaluation on the bank’s contribution to the country’s energy sector.

Pakistan opens Gojra–Shorkot Motorway funded by ADB and DFID

The motorway is part of the Pakistan Economic Corridor Program to upgrade highway networks connecting the country’s southern and northern parts, helping improve road links between Pakistan and the neighboring Central Asian countries as well as the People’s Republic of China.

EBRD steps up support for renewable energy production in Kazakhstan

Renewable power generation is set to play a greater role in Kazakhstan’s energy mix as a result of financing led by the European Bank for Reconstruction and Development (EBRD) for the construction of a new 50MW solar power plant in the south of the country.

ADB reaffirms commitment to support energy sector development in Afghanistan

The Asian Development Bank (ADB) reaffirmed its commitment to support Afghanistan’s energy development priorities at a ceremony organized by Da Afghanistan Breshna Sherkat to recognize the support of ADB and other development partners to the energy sector.

ADB grant to help develop railways in CAREC countries

The Asian Development Bank (ADB) has approved a $2 million regional technical assistance grant to support the development of railways in Central Asia Regional Economic Cooperation (CAREC) countries. (Photo credit: ADB)

240,000 people in cities across Uzbekistan to benefit from improved heating and hot water services

Uzbekistan often experiences cold and harsh winters. A stable heat supply is therefore critical for ensuring the well-being of its citizens and for preventing environmental, safety, and health-related hazards.

EBRD invests in modern power generation in Uzbekistan

Power supply in south Uzbekistan will be significantly improved thanks to the creation of additional generation capacity at the existing Talimarjan power plant with the help of a sovereign loan of up to $240 million provided by the EBRD to JSC Uzbekenergo. The project will be the largest EBRD investment in Uzbekistan to date.

ADB grant to support increased cross-border energy trading in Central Asia

The Asian Development Bank has approved a $4.5 million cluster regional technical assistance grant to support an increase in regional power trade in Central Asia Power System (CAPS) and explore potential reconnection of Turkmenistan to CAPS and its further expansion to Afghanistan.