{"id":223356,"date":"2019-12-18T12:30:02","date_gmt":"2019-12-18T07:00:02","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=223356"},"modified":"2019-12-18T11:10:25","modified_gmt":"2019-12-18T05:40:25","slug":"asian-development-bank-and-government-of-india-signs-250-million-loan-to-expand-energy-efficiency-investments-in-india","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2019\/12\/18\/asian-development-bank-and-government-of-india-signs-250-million-loan-to-expand-energy-efficiency-investments-in-india\/","title":{"rendered":"Asian Development Bank and Government of India signs $250 million loan to expand energy efficiency investments in India"},"content":{"rendered":"<p style=\"text-align: justify;\"><span style=\"color: #0000ff;\"><strong>The Asian Development Bank (ADB) and the Government of India on 16<sup>th<\/sup> December 2019 signed a $250 million loan to Energy Efficiency Services Limited (EESL) to expand energy efficiency investments in India that will benefit agricultural, residential and institutional consumers.<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\">In addition, $46 million financings will be provided from the Clean Technology Fund (CTF), to be administered by ADB.<\/p>\n<p style=\"text-align: justify;\">ADB previously approved a $200 million loan to EESL, a public sector energy service company, in 2016 for Demand-Side Energy Efficiency Sector Project that focused on efficient lighting and appliances.<\/p>\n<p style=\"text-align: justify;\">The signatories to the loan agreement were Shri Sameer Kumar Khare, Additional Secretary (Fund Bank and ADB), Department of Economic Affairs in India\u2019s Ministry of Finance, and Mr Kenichi Yokoyama, Country Director of ADB\u2019s India Resident Mission, signed the agreement for EESL.<\/p>\n<p style=\"text-align: justify;\">EESL will also explore business models to generate greater public demand for e-vehicles to support India\u2019s current push for electric vehicles.<\/p>\n<p style=\"text-align: justify;\">Promoting awareness of the benefits of using energy-efficient technologies is another feature of the project. Awareness campaigns will engage local organisations in knowledge-sharing and training, with a focus on women electricity consumers. Capacity building for electricity distribution, regulatory agencies, and other government bodies will also be carried out.<\/p>\n<p style=\"text-align: justify;\">Accompanying the loan will be technical assistance (TA) of $2 million to support EESL in implementing the project, including a gender action plan, mobilising private sector participation in energy efficiency services, identifying new business opportunities, and transferring knowledge about successful models.<\/p>\n<p style=\"text-align: justify;\">The TA will also support the identification and development of new subprojects and pilot test some technologies. The grant comes from the Clean Technology Fund, to be administered by ADB.<\/p>\n<p style=\"text-align: justify;\">ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific while sustaining its efforts to eradicate extreme poverty.<\/p>\n<p style=\"text-align: justify;\">In 2018, it made commitments of new loans and grants amounting to $21.6 billion.<\/p>\n<p style=\"text-align: justify;\">Established in 1966, it is owned by 68 members \u2014 49 from the region.<\/p>\n<hr \/>\n<p><strong>Ministry of Finance<\/strong><\/p>\n<p style=\"text-align: right;\"><strong>[Press Release <\/strong>dt<strong>. 17-12-2019]<\/strong><\/p>\n<p style=\"text-align: right;\"><strong>[Source: PIB]<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Asian Development Bank (ADB) and the Government of India on 16th December 2019 signed a $250 million loan to Energy Efficiency <\/p>\n","protected":false},"author":8808,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2,8],"tags":[38918,38919,38917,32067],"class_list":["post-223356","post","type-post","status-publish","format-standard","hentry","category-news","category-treaties_conventions_internationalagreements","tag-250-million-loan","tag-asian-development-bank","tag-energy-efficiency-investments","tag-government-of-india"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Asian Development Bank and Government of India signs $250 million loan to expand energy efficiency investments in India | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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The project will finance investments to augment and improve generation capacity through the replacement of an inefficient\u2026","rel":"","context":"In &quot;Treaties\/Conventions\/International Agreements&quot;","block_context":{"text":"Treaties\/Conventions\/International Agreements","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/treaties_conventions_internationalagreements\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":7306,"url":"https:\/\/www.scconline.com\/blog\/post\/2015\/09\/29\/loan-agreement-signed-between-india-and-asian-development-bank-adb-for-upgrading-tourism-infrastructure-and-services-in-states-of-punjab-uttarakhand-and-himachal-pradesh\/","url_meta":{"origin":223356,"position":1},"title":"Loan Agreement signed between India and Asian Development Bank (ADB) for Upgrading Tourism Infrastructure and Services in States of Punjab, Uttarakhand and Himachal Pradesh","author":"Sucheta","date":"September 29, 2015","format":false,"excerpt":"A Loan Agreement signed between the Government of India and Asian Development Bank (ADB) for US $ 123.51 million for tranche 3 of the Infrastructure Development Investment Program for Tourism to continue upgrading tourism infrastructure and services in Punjab, Uttarakhand and Himachal Pradesh.\u00a0The loan will be used for development and\u2026","rel":"","context":"In &quot;Uncategorized&quot;","block_context":{"text":"Uncategorized","link":"https:\/\/www.scconline.com\/blog\/post\/category\/nocategory\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":219311,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/09\/19\/asian-development-bank-and-government-of-india-signed-a-200-million-loan-to-improve-rural-connectivity-in-maharashtra\/","url_meta":{"origin":223356,"position":2},"title":"Asian Development Bank and Government of India signed a $200 million loan to improve rural connectivity in Maharashtra","author":"Bhumika Indulia","date":"September 19, 2019","format":false,"excerpt":"The Asian Development Bank (ADB) and the Government of India today signed a $200 million loan to upgrade rural roads to all-weather standards in 34 districts of Maharashtra State to improve road safety and better connect rural areas with markets and services. 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