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Innovative Energy Project Development

with Partners

9 March 2016
Knowledge Partnership Forum
Yongping Zhai, Technical Advisor
(Energy), Asian Development Bank

ADB in Brief

Founded in 1966 ,Aim is an Asia Pacific free of


poverty
Owned by 67 countries 48 regional, 19 nonregional
$165B subscribed capital, triple-A credit rating
HQ in Manila, 29 resident missions, 3 representative
offices
About 3000 staff
Provides loans, grants, TA, equity, policy dialogue in
44 developing member countries
In 2015 provided $27B of assistance, which included
$16B of ADB financing

ADBs Role in Infrastructure Development

Developing the regulatory environment


Preparing, planning and packaging projects
Introduction of improved technologies to achieve
quality infrastructure
Market-based and concessional financing of
investments
Credit enhancements & equity investments to share
risks with private sector
Development of financial markets and innovative
financing modalities
High standards of environmental and social
safeguards

ADB Financial Products Sovereign


Financing of government
projects, policy based
loans/programs, financial
intermediation, emergency
assistance, countercyclical
support, TA loans, guarantees

2015 approvals
OCR loans
Concessional financing
of which grants
TOTAL

$B
10,790
2,872
358
13,662

Ordinary capital resources (OCR)


ADB issues bonds, lends with small interest spread
For project loans, grace period may be 5 years and
repayment period may be 15-20 years
Asian Development Fund (ADF)
ADF is financed by donors, provides grants & soft loans to
least developed countries
In 2017 it will merge with OCR to expand capital, will still
provide soft terms to least dev countries

ADB Financial Products Nonsovereign


Loans for direct financing of
2015 approvals
$B
OCR loans
2,626
private projects
market based rates & fees
floating rates at a spread over LIBOR or Euro interbank rate,
also fixed

Equity investments in enterprises & private equity funds


Political risk and partial credit guarantees to enhance risk profile
of transaction to attract commercial lenders
Direct value added cofinancing, especially B-loan/lender of
record to mobilize additional debt, parallel loans & equity and
trade finance
Project must have developmental impacts/
demonstration effects, not just financial return

2015 ADB Operations OCR, ADF,


Confinancing, Sovereign & Nonsov
Total financing approved in 2015 = $27.165B
Commercial Cofinancing

ADF

Official Cofinancing

Cofinancing

Nonsov

TA

Sov

30.0

30.0

25.0

25.0

4.6

20.0

6.0

15.0

2.6

15.0

10.6
2.9

10.0
5.0
0.0

$ billion

20.0
$ billion

OCR

10.0

13.4

5.0

0.0

13.7

ADB Energy Policy Mandate


To help DMCs provide reliable, adequate, and
affordable energy for inclusive growth in a socially,
economically, and environmentally sustainable way.

Directions: SDG7 and COP21


The ADB Energy Sector work plan and strategy will
align with the Sustainable Development Goals
(SDG7) and to the outcomes of COP 21 (INDCs),
through deployment of new and innovative
solutions.

2015 Energy Sector Achievements


(approx. $2.5 billion clean energy investments*)
Shift to
cleaner
fuel, 12%

SERD,
22%
SARD,
18%

PSOD,
30%

EARD,
21%
PARD,
1%

Energy
Efficiency,
49%

CWRD,
8%

Clean energy investment by operations


Demand
side EE
29%

Supply side
EE
71%

Composition of EE investment

*for validation

Renewabl
e Energy,
38%

Clean energy investment by type

On-going discussion: Shared approach


and methodology in calculating climate
financing
Forming Climate Finance Tracking
Team for energy sector
Participating in MDBs discussions
on methodologies

ADB Financing for Energy For All


3.6 M HHs
or 18.1 M
people

Number of
beneficiaries

$1.22
Energy
Billion

Access Energy Access


In 2015
InvestmentInvestment
In
2015

2008-2015 ADB energy access investment $6.432 Billion


Will benefit 20.9 million HHs or 104.5 million people

Mid-Term Review Strategy 2020


Growing number of middleincome countries (Per Capita
GNI $1036-$4,086$12,615).
By 2020, only 2 countries are
expected to remain low
income countries (Per Capita
GNI <$1,036).
Economic growth is leading to
more pollution, environmental
degradation, and biodiversity
loss.
In addition to finance, the
value-added includes the
provision of up-to-date
knowledge and cross-country
experiences. (Finance++)

ADBs operational targets


ADB lending OCR-ADF merger to raise lending from $14B
in 2014 to $20B in 2020
Cofinancing from $14+9=23B in 2014 to $20+20=40B in 2020
PPPs new PPP Office to expand PPP operations e.g.
Philippines North-South rail project
Finance++ = lending + knowledge + leverage
Climate change ADB lending for mitigation and adaptation to
reach $6B by 2020

ADBs Climate Finance Target


(supporting INDCs)
Sector
Mitigation
Energy
(goal: $4 billion total Other sectors
by 2020)
Adaptation
(goal: $2 billion total
by 2020)
Total

Proposed contribution
by 2020
$3 billion
$1 billion
$2 billion

$6 billion

Energy sector progress and way forward


7.0

6.0
6.0
5.6

5.5
5.0

5.0
4.5

4.5
4.2

4.0
$ billion

4.0
Energy Sector Investment

3.2
3.0

3.0

2.9

3.0
2.5

2.8

2.4

2.4

2.4

2012

2013

2014

2.5*

2.6

2.3

2.1
2.0

2.5

1.8

1.3
1.0

0.0
2009

2010

2011

*2015 figure to be validated

2015

2016

2017

2018

2019

2020

Clean Energy Investment

Expanding Energy Sector Operations


Overall energy sector lending currently at about $3-4 billion per year.
With OCR/ADF merger, the lending in the energy sector is expected
to reach $5 billion per year by 2017.

Clean energy lending increasing from $2 billion towards $3 billion


per year beyond 2017.
Mobilize climate and other co-financing (e.g. Green Climate Fund,
Clean Investment Funds)
$95 million available for allocation under Clean Energy Financing
Partnership Facility (CEFPF) to support Operations (grants, PPTAs,
CDTAs, RETAs)

Energy SG Work Plan Highlights

Support new Sustainable Development Goal on Energy (in addition to


Poverty, Food, Health, Education, Gender, Water goals)

Focused Areas

Energy access
Renewable energy
Energy efficiency
Sector reforms

Expanding Operations with


Innovations

Advanced technologies
New financing instrument
New business model
PPP within ADB (joint PSOD/RD project)
Multi-sector approach
Cross border energy initiatives

Technology Innovation

Distributed renewable (e.g. rooftop solar)


- Supporting Indias Solar Rooftop Program

Smart grid/smart meters - promoting renewable


energy and energy efficiency
- Uzbekistan Advanced Electricity Metering Project

Mini grid with storage providing affordable


renewable energy
- Maldives Renewable Based Hybrid Mini-Grid Project
- Solar Energy Development in Solomon Islands

Cost Effective innovative transmission


/distribution

- Nepal Power Transmission Project/Myanmar Power


Transmission Project (using aluminum compact core
conductor)
- Single Wire Earth Return in Mongolia

Financing Innovation
$600 million for Indonesia Result Based Lending for Sumatra
Power Grid Strengthening Project the first RBL in the energy
sector, effective way to expand the lending

Introducing New business models

Simpa Networks (Off Grid Pay-As-You-Go Solar Project) in India

ADB Investment: $2 million equity investment in 2013, $5 million CTF loan under preparation in
2015
- Investee: Simpa Networks, a venture-backed technology company with a bold mission: to make
modern energy simple, affordable, and accessible for everyone.
- Strategy: Simpa offers an unique pay-as-you-go metering solution for off-grid solar home systems in
rural India by using mobile phones technology to transform recurring energy expenditures into an
eventual capital asset purchase. Scaling up of solar leasing as a service model.
- Development Impacts: Increased access to affordable clean energy for base of the pyramid (BoP)
consumers in rural India (10,000 systems installed as of April 2015),
avoiding the greenhouse gas emissions by reducing kerosene usage.

Joint Private Sector and Public Sector Operations


India Power Grid Green Corridor
Development Project

Indias Green Energy


Corridor facilitates the
transfer of renewable energy
to load centers
Absorption and smoothing
out of the RE intermittency
Static compensators
(STATCOMs) to enhance
grid stability

Multi Sector Approach


PRC Beijing-Tianjin-Hebei Air
Quality Improvement Program
-

$300 million programmatic policy-based


lending with horizontal packaging to
enhance Governments clean air action
plan.

Policy actions for (i) reduced PM2.5


emissions from energy, industry,
transport, urban and agricultural
sectors; (ii) strengthening
environmental policy and regulatory
framework; and (iii) development of
social protection system for inclusive
industrial restructuring.

Project being peer reviewed by Energy,


Transport and Urban SGs

Cross Border Energy Initiatives


CAREC
-

TUTAP (Turkmenistan, Uzbekistan, Tajikistan, Afghanistan, and Pakistan)


Transmission Interconnection
TAPI (Turkmenistan, Uzbekistan, Pakistan and India) Gas Pipeline (ADB
providing transaction advisory services)

GMS
-

With progress in physical interconnections in GMS, a Regional Power


Coordination Center (RPCC) is being established with ADB support

SASEC
-

Bangladesh-India Interconnection
Nepal-India Interconnection
Bhutan Hydropower Export Project to India (first cross border CDM)
Sri Lanka India Interconnection Study

Scaling up lending with


Innovative Approaches in
Smartgrid
Microgrid

Equipment

Renewable
Energy

Equipment

Cleaner
Fossil Gen

Equipment

Energy
Efficiency

Equipment

CCS
Electric
Vehicle

Goods

Goods

Goods

Goods
Equipment
Goods
Equipment
Goods

IT
Application

Civil
Platform

IT
Application

Civil
Platform

IT
Application

Civil
Platform

IT
Application

Civil
Platform

IT
Application

Civil
Platform

IT
Application

Civil
Platform

We will meet you frequently


Flagship and key events
11th Asia Clean Energy Forum (HQ, June 2016)
9th Asia Solar Energy Forum in Beijing (PRC, March
2016)
Symposium on Renewable Energy Based Mini/Micro
Grids in Islands (Maldives, April 2016)

Further Collaboration between Asia Solar


Energy Forum (ASEF) and Regional Task
Force (RTF)

What We Wish to Hear from the


Private Sector Today
Innovative Technologies & Solution
What do you have?
Good cases applied to developing countries
How do you apply them to local context of
developing countries (cost, quality, practice)?

Challenges you are facing


What do you expect from ADB?

Thank you.

Yongping Zhai
Tel: 63-2-6325976
Email: yzhai@adb.org
Twitter: Yongping Zhai @zhaiyongping