ADB to support Turkmenistan in transition to a green economy
06:49 05.11.2024 4349
As part of the new partnership strategy of the Asian Development Bank (ADB) with Turkmenistan for 2024-2028, the bank will focus on supporting climate adaptation and green transformation. This was stated by ADB Resident Representative in Turkmenistan Artur Andrisiak at the international conference “Construction, Industry, Energy of Turkmenistan” (CIET 2024) in Ashgabat, the State Television and Radio Broadcasting Company of Turkmenistan reports.
Artur Andrisiak noted that ADB will pay special attention to projects aimed at reducing emissions and decarbonizing the energy, transport, agriculture, and urban infrastructure sectors.
Among the significant initiatives, Andrisiak highlighted the development of solar and wind energy, including a grant for the installation of wind turbines, as well as a project to strengthen the national power grid to increase its resilience to climate change.
These measures, he said, will allow Turkmenistan to reduce its dependence on fossil fuels and increase electricity exports to regional markets.
The speaker also noted ADB's cooperation with the Ministry of Energy of Turkmenistan aimed at modernizing gas power plants and increasing the share of renewable energy.
An important area of work, according to him, will be the creation of a roadmap for a low-carbon transition in the energy sector, which will attract additional investment in energy efficient solutions.
Demand for oil in 2022 will grow by 3.3 million barrels per day, the market will be in short supply – IEA
Demand for oil in 2021 increased by 5.5 million barrels per day, and in 2022 it will increase by 3.3 million bpd, Interfax and Bloomberg report citing a report by the International Energy Agency (IEA).
Extraordinary meeting of the Halk Maslahaty of Milli Gengesh will be held on February 11
Extraordinary meeting of the Halk Maslahaty of the Milli Gengesh of Turkmenistan is scheduled to be held on February 11. This is provided for by the decree of President Gurbanguly Berdimuhamedov, who heads the People's Council – the upper house of the parliament of our country.
Oil price breaks seven-year records on supply worries
Oil prices continue to rise on Wednesday, renewing the highs since 2014 due to the risks of supply disruptions from the Middle East, Interfax reports.
Turkmenistan announced its readiness to consider proposals from the Korean company
On June 27, President Serdar Berdimuhamedov received the head of Daewoo Engineering & Construction Co., Ltd. Bek Jung-Wan, reports TDH.
The first ministerial forum on sustainable development of the ECO will be held in Arkadag in April
The first ministerial forum on sustainable development of the Economic Cooperation Organization (ECO) will be held in April in the city of Arkadag, the first "smart" city of Turkmenistan.