News

Expanding CAREC takes stock of a decade of cooperation

The Central Asia Regional Economic Cooperation (CAREC) Program is holding its 9th Ministerial Conference (MC) as member countries take stock of a partnership that is laying the groundwork for a truly integrated and globally connected region.

ADB extends $45 million for power sector improvements in Kyrgyz Republic

The Kyrgyz Republic is getting financial assistance of nearly $45 million from the Asian Development Bank (ADB) to help turnaround a power sector hampered by inefficiencies and losses.

ADB $122 million grant to bolster Tajikistan’s energy security, trade

The Asian Development Bank (ADB) is extending a $122 million grant to expand and modernize Tajikistan's electricity transmission system, which will help it boost energy trading with neighboring countries to meet winter shortages.

$150 million to help Inner Mongolia install efficient, cleaner heating

The Asian Development Bank (ADB) will extend a $150 million loan to help the Inner Mongolia Autonomous Region of the People's Republic of China (PRC) improve its aging coal-fired heating systems, making them more energy efficient and less polluting.

World Bank Group holds consultations with the Central Asian region on future energy strategy

The World Bank Group held consultations in Central Asia to gather input for a new energy sector strategy, which is expected to be completed in early 2011.

CAREC program helping bolster regional ties in Central Asia: ADB

Expanding transport, energy and trade links through regional cooperation to boost growth among the members of the Central Asia Regional Economic Cooperation (CAREC) community was highlighted at a seminar at ADB's 43rd Annual Meeting in Tashkent.

ADB signs $350 million loan to help Uzbekistan boost energy efficiency

Asian Development Bank (ADB) President Haruhiko Kuroda signed a $350 million loan agreement to boost the efficiency of Uzbekistan's electricity supply through the construction of a new combined cycle gas turbine.

ADB to help Uzbekistan build efficient and clean power plant

The Asian Development Bank's (ADB) Board of Directors approved financing totaling $350 million to improve energy security and energy efficiency in Uzbekistan.

How CAREC stands to build a prosperous Central Asia

Nowadays trade, transport and energy relations play an important role in the regional cooperation and economic development of the countries. Asian Development Bank (ADB) pays serious attention to the regional cooperation.

Energy Project scale-up to improve delivery of electricity in Mongolia

The World Bank’s Board of Executive Directors approved a $12 million scale up of a successful Mongolian energy project. The Energy Project, which was first introduced in 2001, was instrumental in improving the financial sustainability of the energy sector by reducing losses and improving revenue collection in Ulaanbaatar and 9 aimag (provincial) centers in Mongolia.