Tag: Asian Development Bank

ADB and India ink $200m loan to boost urban services in Rajasthan

businessnewstoday- July 29, 2023

The Government of India has teamed up with the Asian Development Bank (ADB), securing a $200 million loan intended for the Rajasthan Secondary Towns Development ... Read More

Tata Power unit signs deal with ADB for grid enhancements and BESS in Delhi

businessnewstoday- April 12, 2023

Tata Power said that its distribution arm Tata Power Delhi Distribution Limited (TPDDL) has signed a deal with the Asian Development Bank (ADB) to improve ... Read More

GE Grid Solutions to modernize 39 substations in Nepal

Raghuram Kadari- February 10, 2023

GE Renewable Energy, through its Grid Solutions business, has secured a multi-million-dollar contract from Nepal Electricity Authority (NEA) to strengthen Nepal’s power transmission network. The ... Read More

ADB grants $25m to Philippine govt for procuring COVID-19 vaccines

pallavi123- February 21, 2021

The Asian Development Bank (ADB) has sanctioned $25 million to help the government of the Philippines to buy COVID-19 vaccines in 2021. The financing is ... Read More

ADB grants loan to Jointown Pharmaceutical for expanding pharma distribution network in China

pallavi123- January 22, 2021

The Asian Development Bank (ADB) has agreed to provide a loan of up to €30 million ($37 million) to Jointown Pharmaceutical Group for expanding pharmaceutical ... Read More

Bengaluru Metro Rail Project secures $500m loan from ADB for expansion

pallavi123- December 9, 2020

The Asian Development Bank (ADB) has sanctioned a loan of $500 million towards the construction of two new metro rail corridors for the Bengaluru Metro ... Read More

Hoa Hoi solar power plant in Vietnam secures $186m loan from ADB and others

Soujanya- October 10, 2020

The Asian Development Bank (ADB) has signed a $186 million loan agreement with Phu Yen TTP Joint Stock Company (Phu Yen JSC) for the operating ... Read More

Malolos–Clark Railway Project : Three more contracts signed for Filipino project

pallavi123- October 9, 2020

Construction on the Malolos–Clark Railway Project (MCRP) in the Philippines is all set to begin following the awarding of three civil works contracts with a ... Read More

ADB grants $200m loan to reform Uzbekistan’s power sector

Soujanya- September 29, 2020

Uzbekistan has been granted a $200 million policy-based loan by the Asian Development Bank (ADB) for improving its power sector under the latter’s Power Sector ... Read More

ADB to grant $300m loan for GDE’s 110MW geothermal power project in Indonesia

Soujanya- May 30, 2020

The Asian Development Bank (ADB) has sanctioned a $300 million loan to Indonesian state-owned company Geo Dipa Energi (GDE) for expanding its geothermal power generation ... Read More