ADB Invests in Clean Development Fund for the Greater Mekong Subregion
9 July 2010: The Asian Development Bank (ADB) has announced that it will invest US$15 million to support clean energy projects in the Greater Mekong Subregion and South Asia through the Mekong Brahmaputra Clean Development Fund.
The Fund will invest in companies engaged in renewable energy, energy efficiency, and water conservation and waste recycling projects. It expects to invest in at least ten clean energy and environment projects by 2014. The Fund has a target size of US$100 million and will be managed by Dragon Capital Clean Development Investments Ltd. Other Fund investors include the Belgian Investment Company for Developing Countries, the Finnish Fund for Industrial Cooperation, and the Netherlands Development Finance Company. [ADB Press Release]