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ADB Signs First India Advisory Pact with Madhya Pradesh
The Asian Development Bank made an agreement with the government of Madhya Pradesh.
This is the bank’s first transaction advisory services project in India.
The bank will help prepare three clean-energy projects.
These projects will use public-private partnerships, meaning the government and private companies work together.
The projects may bring up to $1 billion from private investors.
One planned project in Shajapur will combine solar power with batteries.
The batteries can provide electricity when people need the most power or when sunlight is unavailable.
The plan supports Madhya Pradesh’s goal of getting half its electricity from renewable sources by 2030.
The Asian Development Bank signed its first transaction advisory services mandate in India with Madhya Pradesh.
The agreement supports three renewable energy public-private partnership projects across the state.
The projects could attract up to $1 billion in private investment.
A solar generation and battery storage facility is planned for Shajapur to address peak electricity demand.
The initiative aligns with Madhya Pradesh’s goal of meeting 50% of electricity demand from renewables by 2030.
- Who
- The Asian Development Bank and the Government of Madhya Pradesh, with Mio Oka and Chief Minister Mohan Yadav present at the signing.
- What
- They signed an agreement for ADB to advise on three renewable energy public-private partnership projects.
- Where
- The agreement was signed in Bhopal, Madhya Pradesh, India; one planned project is in Shajapur.
- When
- The agreement was signed on September 7, 2026.
- Why
- To structure bankable clean-energy projects, improve peak-hour electricity supply and grid stability, and attract up to $1 billion in private investment.
Key facts
- Advisory institution
- Asian Development Bank
- Counterparty
- Government of Madhya Pradesh
- Investment potential
- Up to $1 billion in private investment
- Project pipeline
- Three renewable energy public-private partnership projects
- Highlighted facility
- Solar power generation and battery energy storage facility at Shajapur
- Renewable-energy target
- Meet 50% of electricity demand from renewable resources by 2030
- Signing location
- Bhopal, Madhya Pradesh
Quotes
Mio Oka
ADB Country Director for India
“By helping Madhya Pradesh to structure bankable PPP projects, ADB is helping to crowd in private investment, demonstrate what works, and create scalable models for clean energy infrastructure across the state.”
thehindubusinessline.com
“Public resources alone cannot meet India's growing energy needs.”
thehindubusinessline.com
Sources
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