Tag: ADB

Banks invest $150M in $1B power transmission project

The Asian Development Bank (ADB), with co-financing from Asian Infrastructure Investment Bank (AIIB), will provide $150 million for an ongoing power transmission project in India, whose aim is to deliver more clean energy.

ADB grants $1B loan for grid expansion in India

The Asian Development Bank (ADB) has granted $1 billion in financing to India’s national transmission company Power Grid Corporation of India (Powergrid) to fund renewable energy transmission and grid expansion projects.

ADB grants $600M loan for power system upgrades

Indonesia, Sumatra: The Asian Development Bank (ADB) has agreed to provide $600 million loan to Indonesia’s state electricity corporation, Perusahaan Listrik Negara (PLN), to upgrade transmission and distribution system in Sumatra.

ADB to finance installation of two transformers at Toktogul

Kyrgyzstan, Jalal-Abad: The Asian Development Bank (ADB) will finance installation of two power transformers 500 kV at the Toktogul Hydroelectric Station in Kyrgyzstan as part of the financing agreement for the Kyrgyz Energy Sector Rehabilitation Project.