The Asian Development Bank (ADB) has approved a $63.44 million financing package to support the deployment of a 250 MW/500 MWh battery energy storage system (BESS) at Cambodia’s Takeo substation. The financing package comprises a $40 million concessional loan and a $5 million grant from ADB, alongside $18.44 million in co-financing from the Green Climate Fund and the UK through the ASEAN Catalytic Green Finance Facility.
The project is expected to offset approximately 27,700 tonnes of greenhouse gas emissions annually. The project will support Cambodia’s goal of achieving 70 per cent renewable energy capacity by 2030 while enhancing the operational capabilities of Electricité du Cambodge. The project will also facilitate greater cross-border power trade with Vietnam, and support the development of the ASEAN Power Grid.
In May 2026, ADB signed a $116 million financing package with ACWA Power to support the development, construction, operation, and transfer of a 300 MW wind power project in the Bukhara region, Uzbekistan. The financing includes a $50 million loan from ADB’s ordinary capital resources, $41 million from commercial lenders, and $25 million from the ADB’s Leading Asia’s Private Infrastructure Fund 2.
