ADB Signs Loan for First Cross-Border Wind Power Project in Asia, First Plant in Lao PDR and Largest in Southeast Asia
The Asian Development Bank (ADB) and Monsoon Wind Power Company Limited (Monsoon) signed a $ 692.55 million nonrecourse project financing package to build a 600-megawatt wind power plant in Sekong and Attapeu provinces in the southern region of the Lao People’s Democratic Republic (Lao PDR) to export and sell power to neighboring Viet Nam. Comprising 133 […]
ADB-supported solar project on the horizon
A 60-megawatt solar station, supported by a $7.64 million loan from Asia Development Bank (ADB) is scheduled to be built later this year in Kampong Chhnang province, north of Phnom Penh.
ADB, Citi, HSBC, Prudential hatch plan for Asian coal plant closures: Sources
Financial firms including British insurer Prudential, lenders Citi and HSBC and BlackRock Real Assets are devising plans to speed the closure of Asia’s coal-fired power plants in order to lower the biggest source of carbon emissions, five people with knowledge of the initiative said.
ADB, European Union, and ASEAN Countries Partner to Boost Green Infrastructure
The European Union (EU) announced today it is preparing to support the Association of Southeast Asian Nations’ (ASEAN) Catalytic Green Finance Facility (ACGF) with €50 million ($54.9 million) to help governments prepare and catalyze public and private financing for climate-friendly infrastructure projects across Southeast Asia. Launched in April 2019 and managed by the Asian Development […]
ADB, government looking into ETM financing in shift to clean energy sources
The Asian Development Bank (ADB) and the Philippine government, together with Indonesia and Vietnam, are considering the implementation of the energy transition mechanism (ETM) to finance the shift to cleaner energy sources.
ADB, IFC invest in Ayala energy unit’s green bonds
AC Energy, Inc. has attracted two of the world’s biggest development lenders International Finance Corp. (IFC) and the Asian Development Bank (ADB) to the Ayala-led company’s multi-million dollar green bond offering that will fund regional renewable energy projects, company officials said. “In total now, we have $410 million from the green bond offer,” Eric T. […]
ADB, partners provide $37.8m loan for TTC Energy’s solar power plant
The Asian Development Bank (ADB) and other stakeholders have provided a $37.8-million loan for Vietnamese renewable energy company TTC Energy, according to an announcement. The financing for the Gulf Solar Power Project will assist TTC Energy in developing and operating a 50-MW photovoltaic solar power plant in Tay Ninh province, southern Vietnam. This is one […]
ADB, PLN to pilot issuance of energy transition bonds in 2021
The Asian Development Bank (ADB) and state-owned electricity giant PLN aim to issue PLN’s first-ever “sustainable transition bonds” next year as the power company seeks to improve its green energy credentials.
Additional fuel excise tax now in effect
Metro Manila (CNN Philippines, January 1) — Filipinos will pay more for fuel at the beginning of 2019 because of an additional excise tax provided by law. Under the Tax Reform for Acceleration and Inclusion (TRAIN) law, an additional ₱2 per liter excise tax is imposed on diesel and gasoline, ₱1 for every liter of […]
AFD provides US$100 million green credit to Vietnam
The Bank for Investment and Development of Vietnam (BIDV) has signed an agreement to receive a long-term US$100 million credit line for environmental protection, climate change response and green growth as part of French development agency AFD’s Sustainable Use of Natural Resources and Energy Finance (SUNREF) initiative.