ADB Invests in South Asia, Greater Mekong Energy Projects

Clean energy projects in South Asia and the Greater Mekong Subregion are set to receive a funding boost through a USD15 million investment from the Asian Development Bank.

The money will be coursed through the Mekong Brahmaputra Clean Development Fund, a newly set-up fund that will invest in businesses engaged in energy efficiency, renewable energy, waste recycling and water conservation projects.

The fund aims to raise USD100 million and is expected to be invested in up to 10 clean energy projects by 2014.

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    Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.