In Short : ADB President Masatsugu Asakawa reaffirmed support for the ASEAN Power Grid at the ASEAN Finance Ministers meeting, pledging $10 billion for cross-border and national grid projects. An additional $27 billion will support the region’s energy transition. The initiative aims to boost energy security, enable power trade, and drive sustainable development across Southeast […]
COP29 Global Energy Storage and Grids Pledge gains support of 58 nations – EQ
In Short : The COP29 Global Energy Storage and Grids Pledge aims to accelerate the deployment of energy storage systems and modernize power grids to support the transition to renewable energy. This initiative focuses on enhancing grid resilience, enabling renewable integration, and ensuring energy access. It underscores global cooperation to meet climate targets and secure […]
Global sovereign funds, top investors reaffirm support for Adani group – EQ
In Short : Global sovereign wealth funds and leading institutional investors have reaffirmed their support for the Adani Group, highlighting confidence in its business fundamentals and growth prospects. Despite recent scrutiny, these investors emphasize the group’s contributions to infrastructure, energy transition, and economic growth in India. Adani’s strong track record and future projects continue to […]
ADB Approves $1.5 Billion Financing to Support India’s COVID-19 Response
MANILA, PHILIPPINES: The Asian Development Bank (ADB) today approved a $1.5 billion loan to the Government of India to help fund its response to the novel coronavirus disease (COVID-19) pandemic, including support for immediate priorities such as disease containment and prevention, as well as social protection for the poor and economically vulnerable sections of the […]
AFDB donates more than 12 million euros to finance the energy transition
The Board of Directors of the African Development Fund (ADF), the concessional financing window of the African Development Bank Group, approved, Wednesday, March 25 in Abidjan, a donation of 12.46 million euros (10 million of Units of Account) intended to finance the Energy Transition and Institutional Support Program (ETISP) in São Tomé and Príncipe. The […]
States ask for subsidies, support, protection, right policies to boost clean energy in India
States ask for subsidies, support, protection, right policies to boost clean energy in India States on Wednesday urged the Centre to provide a level-playing field for domestic investors in the renewable energy sector and categorise large hydro projects as clean energy source to give a boost to green energy projects. Chief ministers and representatives of […]