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ADB to Invest $15 Million in Avaada Energy to Expand Renewable Energy Capacity in India

By : Sustainability ..., Sep 30, 2020

The Asian Development Bank (ADB) has signed an agreement to invest $15 million in INR equivalent in Avaada Energy Private Limited (AEPL) to help the company to scale up photovoltaic solar energy...

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More investment in clean energy will help APAC recover from COVID-19 crisis: ADB

By : Sustainability ..., Jun 18, 2020

A greater investment in clean energy will contribute to Asia-Pacific''s recovery from the COVID-19 crisis and make economies more resilient against future shocks, the Asian Development Bank (ADB) said on Monday. In view of the current scenario, ADB has invited proposals for...

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Asian Development Bank to invest $100 million in NIIF's fund of funds

By : Sustainability ..., Mar 31, 2020

Asian Development Bank (ADB) will now join the Government of India (GOI) and Asian Infrastructure Investment Bank (AIIB) as an investor in one of the instruments of National Investment and Infrastructure Fund (NIIF) of India. ADB will invest $100 million equivalent in the...

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Brookfield in talks to invest $800 million in ReNew Power

By : Sustainability ..., Nov 11, 2019

Canadian asset management firm Brookfield is in talks to invest $800 million in India’s largest green energy company ReNew Power, said two people familiar with the development. Brookfield, which is currently conducting due diligence, would be providing partial exit to Goldman...

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Super-efficient ACs to be available in six more cities: EESL

By : Sustainability ..., Aug 8, 2019

Energy Efficiency Services Limited (EESL) today announced the expansion of its Super-Efficient Air Conditioner Programme to six more cities. In addition to Delhi-NCR, the first-of-its-kind AC...

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ADB should expand private sector operations: Garg

By : Sustainability ..., May 6, 2019

Asserting that Asia continues to be the growth engine of the world, Economic Affairs Secretary Subhash Chandra Garg on Saturday said the ADB must expand its private sector operations to boost...

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ADB committed highest-ever $3 bn in sovereign loans to India in 2018

By : Sustainability ..., Apr 17, 2019

ADB committed to provide USD 3 billion in sovereign loans to India in 2018, the highest level of assistance since sovereign operations began in the country in 1986, said the annual report of...

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ADB to invest $50 million in solar power project developer Avaada

By : Sustainability ..., Mar 20, 2019

Asian Development Bank (ADB) Tuesday said it has inked an agreement to invest USD 50 million in solar energy project developer Avaada Energy Pvt Ltd to help the company scale up rapidly. The...

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