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On 30 March, the Board approved a $300 million loan to finance the 300-MW  Balakot Hydropower Development Project in Pakistan. The project will increase the share of clean energy in Pakistan and improve the country’s energy security with the additional 1,143 gigawatt-hours of clean energy that will be generated by the plant annually.  The plant, which will incorporate seismic strengthening and climate-proofing measures, will be built on the Kunhar river near Balakot City in Khyber Pakhtunkhwa Province and commissioned by 2027.
 
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See how ADB is supporting the energy sector in the Pacific; the approaches applied, the business models develop to cater to the region’s specific needs, the innovations tried, tested and proven – to keep the lights on and the power going. For in the pacific, power is life.
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EASI’s Atsu Sakai unravels the nuance in realizing the potential of utility-scale battery energy storage systems in this blog. Mega batteries as these are called could change the game in realizing the promise of clean energy if all barriers to its development such as regulation, technology, safety and risks are sufficiently addressed and effectively overcome.
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The Energy SG under one of its technical assistance projects has called an innovation challenge for smart digitalization and applications in disease resilient and energy efficient centralized air-conditioning (CAC) systems in public buildings of ADB developing member countries. Up to $295,000 will be awarded for the pilot installations of the best solutions. 
 
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See how ADB is supporting Sri Lanka’s bid to increase the use of solar power and other renewable energy sources in providing electricity to the whole country and meet its commitment to the Paris Agreement on climate change. The government’s Battle for Solar Energy program envisions 1000 megawatts of solar power generation capacity by 2025—all from the rooftops of homes and businesses.
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On 19 March the GCF Board approved $300 million allocation for the Green Recovery Program under the ASEAN Catalytic Green Finance Facility Fund that is being managed by ADB to help Southeast Asia embark on a climate-resilient, environmentally sustainable economic recovery from the coronavirus disease (COVID-19) pandemic.

  

 

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