News

ADB, Aloqabank partner to support trade in Uzbekistan

The Asian Development Bank’s Trade Finance Program and Joint-Stock Commercial Aloqabank signed an agreement to provide loans and support trade in Uzbekistan.

ADB-supported Kyrgyz Republic’s largest hydropower plant achieves key milestone

JSC Electric Power Plants, the major state-owned power generation company in the Kyrgyz Republic, announced the award of a turn-key contract for the Asian Development Bank-supported modernization of the Toktogul hydropower plant to a joint venture of GE Hydro (France) and GE Renewables (Switzerland) for $104 million. (Photo credit: ADB)

Werner Liepach appointed new ADB director general for Central and West Asia

As Director General, Mr. Liepach will lead ADB’s engagement with 10 countries in the region, including Afghanistan, Armenia, Azerbaijan, Georgia, Kazakhstan, Kyrgyz Republic, Pakistan, Tajikistan, Turkmenistan, and Uzbekistan. He will oversee ADB’s regional portfolio, which now stands at $18.6 billion, comprising 155 projects.

Kazakhstan launches online platform for monitoring and reporting greenhouse gases

The platform is an essential element of the National Emissions Trading System of Kazakhstan, which was launched in 2013 as the country’s main instrument to regulate domestic CO2 emissions and to drive the development of low-carbon technologies.

ADB partners with Kyrgyz Republic to secure water resources, combat climate change

The Asian Development Bank (ADB) and the Government of the Kyrgyz Republic presented and discussed the technical assistance on the Climate Resilience Disaster Risk Reduction in Water Resources Management Project at an inception workshop in Bishkek. The technical assistance is financed by the Japan Fund for Poverty Reduction and administered by ADB.

Industrial enterprises to become more energy efficient, reducing overall energy consumption in Uzbekistan

Small, medium, and large-sized industrial enterprises in Uzbekistan will be able to improve energy efficiency and productivity, thanks to the Energy Efficiency Facility for Industrial Enterprises Project, Phase 3, which will be financed by a $200 million loan from the International Bank for Reconstruction and Development.

Farmers and agribusinesses in Uzbekistan to benefit from additional support to horticulture sector

The Additional Financing - Horticulture Development Project will expand access to domestic and global markets and improve the productivity of Uzbekistan’s horticulture sector, with a $500 million loan from the International Bank for Reconstruction and Development.

ADB approves 3-year extension of water project in Afghanistan

The Asian Development Bank’s (ADB) Board of Directors has approved the 3-year extension of the availability period of the multitranche financing facility, approved in 2009, for the Water Resources Development Investment Program aimed to improve agricultural productivity in Afghanistan.

EBRD supports France’s Urbasolar in Kazakhstan

The EBRD is supporting French company Urbasolar SAS in its plans to build a solar power plant in Kazakhstan. The new Zadarya solar power plant will add 14 MW of solar capacity to Kazakhstan’s energy mix, bringing the total amount of existing and planned renewable energy to 365 MW.

Pakistan launches expressway as part of ADB, DFID-supported economic corridors program

The E-35, also known as the Hazara Expressway, is part of the ADB/DFID’s Pakistan Economic Corridors Program to promote regional trade and economic growth in the country. The two institutions cofinanced the construction of the expressway for a total amount of $327 million.