Asian Development Bank

The Asian Development Bank (ADB) is making a USD30 million equity investment in NSL Renewable Power (NRP), a subsidiary of the NSL Group, an agribusiness-to-infrastructure conglomerate.

Asia is moving along a dangerously unsustainable energy path that will result in environmental disaster and a gaping divide in energy access between rich and poor unless the region dramatically changes course, says a new Asian Development Bank (ADB) report. “Asia could be consuming more than half the world’s energy supply by 2035, and without radical changes carbon dioxide emissions will double,” said ADB chief economist Changyong Rhee. “Asia must both contain rising demand and explore cleaner energy options, which will require creativity and resolve, with policymakers having to grapple with politically difficult issues like fuel subsidies and regional energy market integration.”

More than 75 percent of countries in Asia and the Pacific are experiencing a serious lack of water security, with many of them facing an imminent water crisis unless immediate steps are taken to improve management of water resources, says a new study prepared jointly by the Asian Development Bank (ADB) and Asia-Pacific Water Forum (APWF).

A new study from the Asian Development Bank (ADB) shows that Bangladesh, Bhutan, the Maldives, Nepal and Sri Lanka could reduce greenhouse gas emission by a fifth by 2020 by introducing a variety of clean technologies at little long-term cost.

Nepal is to boost its electricity generating output by 20 percent by building a USD500 million hydropower plant. The Asian Development Bank (ADB) is lending USD150 million towards the 140-MW (MW) project. The power situation in the country is dire with blackouts of up to 18 hours a day common in the dry season, even in the capital Kathmandu.