South Asia Subregional Economic Cooperation Regional Energy Cooperation (ADB-52070-001)

Regions
  • East Asia and Pacific
Where the impacts of the investment may be experienced.
Countries
  • Bangladesh
  • Bhutan
  • India
  • Maldives
  • Myanmar
  • Nepal
  • Sri Lanka
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Sep 10, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 2.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Sep 16, 2019

Disclosed by Bank Sep 11, 2018


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Project Description

According to the bank website, the regional knowledge and support technical assistance (TA) will prepare development master plans and enhance capacity development for the energy sector's regional cooperation and integration (RCI) under the South Asia Subregional Economic Cooperation (SASEC) program. It will cover Bangladesh, Bhutan, India, Maldives, Myanmar, Nepal, and Sri Lanka.

The TA will support the implementation of the SASEC Operational Plan, 2016- 2025, which SASEC member countries endorsed in 2016. In 2017, SASEC finance ministers endorsed the SASEC Vision the overarching framework and long-term strategy to support partnership among member countries at a meeting in Delhi. SASEC officials agreed upon the flagship initiatives in the SASEC Vision at a subsequent meeting in Yokohama. The initiatives highlighted energy security and connectivity across the SASEC subregion to enhance cross-border power trade and improve regional gas supply value chains. To promote these activities, SASEC members accepted the need for TA when the Asian Development Bank (ADB) presented the concept at the SASEC nodal official meeting in Singapore in March 2018.

Investment Description
  • Asian Development Bank (ADB)

Japan Fund for Poverty Reduction US$ 1.50 million

Contact Information

Responsible ADB Officer Ogino, Kaoru
Responsible ADB Department South Asia Department
Responsible ADB Division Energy Division, SARD
Executing Agencies
Asian Development Bank
6 ADB Avenue, Mandaluyong City 1550, Philippines 

ACCOUNTABILITY MECHANISM OF ADB

The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main