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).
EBRD lends $30 million in tenge for Kazakh rail company Eastcomtrans The European Bank for Reconstruction and Development (EBRD) is stepping up its efforts to support the private sector in Kazakhstan by providing a financing package equivalent to $30 million for one of the largest private railway operators in the country, Eastcomtrans LLP.
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.
