GOVI-ALTAI, MONGOLIA : The Asian Development Bank (ADB) and the Government of Mongolia has inaugurated a 10-megawatt solar photovoltaic power plant in Govi-Altai province. The new plant, Serven, will provide about 20 million kilowatt-hour energy annually and is estimated to cut 15,000 tons of carbon dioxide greenhouse gas emission per year during its lifetime. The […]
ADB Provides Support for Fiscal Reforms in Maldives – EQ
MANILA, PHILIPPINES : The Asian Development Bank (ADB) has approved an $18.7 million policy-based grant for Maldives to help the country strengthen its fiscal management and create a pathway to restore fiscal sustainability over the medium to long term. The Strengthening Fiscal Management and Sustainability Program supports structural fiscal reforms until 2025 by focusing on […]
ADB Supports Development of Technical and Vocational Education in Bhutan – EQ
MANILA, PHILIPPINES : The Asian Development Bank (ADB) has approved a $30 million loan to improve Bhutan’s technical and vocational education and training (TVET) system and enhance the skills and employability of its youth. “Against the rising youth unemployment in Bhutan, ADB is ramping up support for the country’s TVET reform strategic plan implementation for […]
Asian Development Bank (ADB) and Fourth Partner Energy Collaborate for 25 MW Solar Power Plant in Tamil Nadu – EQ
NEW DELHI : The Asian Development Bank (ADB) and Fourth Partner Energy Private Limited (Fourth Partner) signed a long-term loan of up to 1.2 billion Indian rupees (about $14.7 million) to construct and operate a 25-megawatt solar photovoltaic-based power plant to increase clean and low-cost energy supply to commercial and industrial customers. The power plant, […]
ADB, Fourth Partner Energy to Build Solar Power Plant in India, Supplying Commercial and Industrial Sector – EQ
NEW DELHI, INDIA : The Asian Development Bank (ADB) and Fourth Partner Energy Private Limited (Fourth Partner) signed a long-term loan of up to 1.2 billion Indian rupees (about $14.7 million) to construct and operate a 25-megawatt solar photovoltaic-based power plant to increase clean and low-cost energy supply to commercial and industrial customers. The power […]
ADB Sells $4 Billion 5-Year Global Benchmark Bonds – EQ Mag
MANILA, PHILIPPINES : The Asian Development Bank (ADB) yesterday priced a $4 billion 5-year global bond, proceeds of which will be part of ADB’s ordinary capital resources. The 5-year bond, with a coupon rate of 4.50% per annum payable semi-annually and a maturity date of 25 August 2028, was priced at 99.961% to yield 14.60 […]
ADB Appoints New Country Director for Timor-Leste – EQ Mag
MANILA, PHILIPPINES : The Asian Development Bank (ADB) has appointed Stefania Dina as Country Director for Timor-Leste. Ms. Dina will lead ADB operations in Timor-Leste, including the implementation of the country partnership strategy (CPS) covering 2023–2027, which aims to support the country in expanding climate-resilient infrastructure and basic services and strengthening the efforts to diversify […]
ADB Appoints Shannon Cowlin as Country Director in Mongolia – EQ Mag
ULAANBAATAR, MONGOLIA : The Asian Development Bank (ADB) has appointed Shannon Cowlin as its new Country Director for Mongolia. Ms. Cowlin will oversee ADB’s operations in Mongolia, including the implementation of the country partnership strategy (CPS) covering 2021–2024 to help the country continue to recover from the COVID-19 pandemic and lay resilient foundations for inclusive […]
ADB, Georgia Capital Partner to Issue Sustainability-Linked Bond, Largest of its Kind in Region – EQ Mag
TBILISI, GEORGIA : The Asian Development Bank (ADB) and Joint Stock Company Georgia Capital (GCAP) partnered to issue GCAP’s inaugural sustainability-linked bond. As a strategic investor, ADB provided foundational support to adopt this innovative instrument. This is ADB’s first subscription to a private sector sustainability-linked bond. GCAP’s total issuance of $150 million with a 5-year […]
ADB Mobilizes $261 Million for New Expressway in Bangladesh – EQ Mag
DHAKA, BANGLADESH : The Asian Development Bank (ADB), as a transaction advisor for the Government of Bangladesh’s Rampura Amulia Demra Expressway public–private partnership (PPP) project, has mobilized $261 million of private sector capital for a four-lane, 13.5 kilometer expressway that will ease traffic congestion and provide better connectivity between the capital Dhaka and other major […]