| ADB to launch $1 bn energy efficiency fund |
| Our Regional Bureau / Hyderabad March 09, 2006 |
| Asian Development Bank (ADB) will be launching a $1 billion energy efficiency fund this year as a part of its initiative to support the energy efficiency measures being adopted by its member countries, according to ADB president Haruhiko Kuroda. Replying to questions following his lecture on "Investing in Infrastructure: Key to Economic Growth" at the Administrative Staff College of India here this morning, Kuroda emphasised the need for adopting energy efficiency measures in Asia, particularly in a "fast growing country like India". Stating that the demand for energy in Asia would increase "exponentially" in the next 10 to 15 years, he said the agenda of the bank's 39th annual meeting to be held in Hyderabad in May this year would include aspects pertaining to the role of ADB in assisting Asian countries in achieving efficiency in energy utilisation. Kuroda is on a three-day official visit to India to review the arrangements being made for the annual meeting of ADB |
