Tag: Asian Development Bank

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.

Nepal to receive $150M loan for T&D upgrades

Nepal, Kathmandu: The Government of Nepal has signed an agreement with the Asian Development Bank for a $150 million loan to implement electricity transmission and distribution efficiency enhancement projects.

Pakistan purchases 41 transformers from China

Pakistan, Lahore: Lahore Electric Supply Company (Lesco) is purchasing 41 transformers and other equipment from a Chinese company after receiving a soft loan from the Asian Development Bank to increase the capacity of its 132 kV grid.

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 invests $1 billion into Azerbaijan power network

Azerbaijan, Baku: The Asian Development Bank (ADB) and Government of Azerbaijan have signed a Memorandum of Understanding for a $1 billion investment program to rehabilitate and expand the country’s power distribution network.