ADB to invest 1 billion USD for clean energy
Apr 6, 2008 - VNDaily.net
The Asian Development Bank (ADB) is expected to invest
one billion USD annually in "clean energy" projects in Asia,
the Manila-based bank said.
ADB Vice-President for Sustainable Development Ursula Schafer-Preuss
was quoted by NAM News Networks as making the announcement
at an ADB and US Agency for International Development (USAID)
sponsored forum on finding cleaner energy sources for Asia.
Among the projects to be financed by the new ADB investment
is the installation and operation of energy efficient heating
systems in China, Schafer-Preuss said.
ADB senior energy specialist Sohail Hasnie was quoted as
saying that in the short-term, investments would likely
go to projects that boost energy efficiency.
However, viable long-term projects such solar, wind or
ocean-wave power plants are also being looked at.