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ADB Signs First Transaction Advisory Services Mandate in India with Madhya Pradesh

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RBI Grade BNABARD ESISEBI
  • The Asian Development Bank (ADB) signed its first Transaction Advisory Services (TAS) mandate in India with the Madhya Pradesh Government on 7 September 2026.
  • The objective is to develop renewable-energy projects through Public-Private Partnerships (PPPs).
  • The projects could attract up to US$1 billion in private investment.
  • ADB will assist in project preparation, financial structuring, procurement and tender development.
  • A solar power facility with Battery Energy Storage System (BESS) at Shajapur is among the projects being developed.
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