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Call For Proposals - Asian Private Clean Energy Development Funds

Wednesday, 15 August 2007

Philippines, Manila

Submissions close 13 September

To address the challenges of climate change and secure a low-carbon and sustainable energy future, accelerated and substantial investments in greenhouse gas abatement, renewable energy and energy efficiency projects are required. Asian Development Bank (ADB) seeks to significantly increase its investments in the clean energy sector in Asia through specialized private equity funds. ADB calls for proposals from private equity fund and project managers (‘Fund Managers’) to invest in clean energy projects and companies located within ADB’s developing member counties (DMCs).

Scope documents on the ADB website indicate up to 25% funding may be available for  projects involving “natural gas, clean fuel facilities that use, produce, transmit or store other clean fuels such as natural gas, methane, liquefied petroleum gas, etc. Greenhouse gas abatement projects such as landfill gas, coal mine methane also qualify as clean energy projects for ADB.

Source: NGV Global