News

ADB and AIIB Signed an MOU with Azerbaijan, Kazakhstan, and Uzbekistan to Support the Feasibility Study of the Caspian Green Energy Corridor

BAKU, AZERBAIJAN (4 April 2025) — The Asian Development Bank (ADB), the Asian Infrastructure Investment Bank (AIIB), and the energy ministries of Azerbaijan, Kazakhstan, and Uzbekistan today signed a Memorandum of Understanding (MOU) to support the Feasibility Study for the Caspian Green Energy Corridor Project. The initiative is part of ADB’s regional technical assistance for the project. The MOU establishes […]

Paving the way for improved interconnectivity and a sustainable energy transition in the CAREC Region

The 33rd meeting of the CAREC Energy Sector Coordinating Committee (ESCC) discussed the turbulence in global energy markets and its implications on the CAREC region. Rystad Energy presented the ongoing energy transition’s impacts on the region’s energy-intensive economies. The CAREC region, known for its high energy consumption due to factors like extreme weather, high fossil […]

ADB, NNS sign loans to build milestone solar power project in Uzbekistan

The Asian Development Bank (ADB) and “Nur Navoi Solar” Foreign Enterprise Limited Liability Company (NNS) signed loans of up to $17.5 million for a 100-megawatt (MW) solar power plant that will be the first public–private partnership renewable energy project in Uzbekistan.

Pioneering solar power plant to take off in Uzbekistan with World Bank Group support

The World Bank Group, Abu Dhabi Future Energy Company PJSC (Masdar), Asian Development Bank, and the Government of Uzbekistan signed loan and guarantee agreements to finance the first 100-megawatt solar photovoltaic power plant in the country, in support of its efforts to produce clean energy, strengthen the security of supply and combat climate change.

$154 million ADB grant to help improve access to electricity in western Afghanistan

The Asian Development Bank (ADB) has approved a $154.4 million grant to boost the supply of power in Afghanistan by extending the country’s power grid into the western provinces of Herat and Farah, ensuring access to electricity for vulnerable communities in those provinces.

Renewable energy is the future for Pakistan’s power system: A new World Bank study

A new World Bank study launched today suggests that Pakistan should quickly implement a major scale-up of solar and wind generation.

ADB approves $110 million grant to enhance power supply in Afghanistan

The Asian Development Bank (ADB) approved a $110 million grant to boost power supply and strengthen Afghanistan’s energy sector by improving its sustainability and promoting cross-border trade in energy.

ADB approves $200 million loan to improve power sector in Uzbekistan

The Asian Development Bank (ADB) approved a $200 million policy-based loan to strengthen Uzbekistan’s power sector by improving its financial sustainability and ensuring adequate investment in critical infrastructure.

Georgia joins the race to produce green hydrogen

The Georgian government, realizing that water currently spilled during the summer months would be put to better use producing hydrogen, has asked the EBRD to explore the country’s potential for generating green hydrogen, which could then be blended and transported to end -users through existing gas pipelines.

EBRD and GCF boost climate financing for Mongolian enterprises

Smaller firms in Mongolia will benefit from new opportunities to make their businesses more energy efficient and productive, thanks to a $4 million loan provided by the European Bank for Reconstruction and Development (EBRD) and the Green Climate Fund (GCF) to XacLeasing, one of the country’s largest financial leasing companies.