Archive · 7 Sep 2026
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 agreement in India.
ADB will help prepare three clean-energy projects.
The projects will use public-private partnerships, meaning the government and private companies will work together.
They could attract as much as $1 billion from private investors.
One project in Shajapur will combine solar panels with batteries.
The batteries can provide electricity when demand is highest 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 an agreement with Madhya Pradesh for advisory services on three renewable-energy PPP projects.
The projects could attract up to $1 billion in private investment.
ADB will help structure the projects, prepare them for investment and support procurement.
A planned Shajapur facility will combine solar generation with battery storage to serve peak demand and support grid stability.
The initiative supports Madhya Pradesh’s goal of meeting 50% of electricity demand from renewable sources by 2030.
- Who
- The Asian Development Bank and the Government of Madhya Pradesh, with ADB Country Director for India Mio Oka and Chief Minister Mohan Yadav present.
- What
- They signed an agreement for ADB to advise on three renewable-energy public-private partnership projects.
- When
- September 7, 2026.
- Where
- Bhopal, Madhya Pradesh, India; one planned project is in Shajapur.
- Why
- To prepare commercially viable renewable-energy and storage projects, attract private investment, address peak electricity demand and support grid stability.
- Advisory institution
- Asian Development Bank
- Counterparty
- Government of Madhya Pradesh
- Agreement significance
- ADB’s first transaction advisory services mandate in India
- Project pipeline
- Three renewable-energy public-private partnership projects
- Investment potential
- Up to $1 billion in private investment
- Highlighted facility
- Solar power generation and battery energy storage facility in Shajapur
- Renewable-energy target
- Renewable sources to meet 50% of Madhya Pradesh’s electricity demand by 2030
