Asian Infrastructure Investment Bank (AIIB) - Energy Policy Tracker

The Energy Policy Tracker has finished its first phase of tracking related to the Covid-19 recovery. Our dataset for 2020-2021 is complete. A new dataset on energy policies in the context of multiple crises will be launched in the coming year.

Asian Infrastructure Investment Bank (AIIB)

In 2020-2021, in response to the COVID 19 pandemic, Asian Infrastructure Investment Bank (AIIB) have committed at least USD 2.17 billion to supporting energy projects through new loans, grants, and guarantees according to their own reporting and other publicly available information. This public finance includes:

At least USD 175.00 million for fossil fuels without conditions
At least USD 542.50 million for unconditional clean energy
At least USD 397.50 million for conditional clean energy
At least USD 1.06 billion for other energy

By energy type, no public finance identified for oil and gas.

Finally, Asian Infrastructure Investment Bank (AIIB) committed at least USD 175.00 million to multiple fossil fuels (at least USD 175.00 million to unconditional multiple fossil fuels).

A considerably larger amount of new public finance from Asian Infrastructure Investment Bank (AIIB) that is not at the project level may also benefit different elements of the energy sector, however this finance is not reported on in a way that can be disaggregated and therefore is not included in the database. This finance is largely made up of (a) investments in financial intermediaries (like commercial banks, private equity firms, or other development funds), (b) budgetary or policy support loans that are cross-cutting across many areas of government, (c) technical assistance, and (d) funding for associated infrastructure like ports or roads that will be primarily used for the transport of energy-related goods.

Many of these public finance commitments are part of programs that existed prior to the COVID-19 pandemic, however they only represent projects that were approved post-pandemic. Recovery spending via Asian Infrastructure Investment Bank (AIIB) is cross cutting and it is quite subjective to disaggregate what projects are or are not recovery related.

Updated: December 31^st 2021

At least

$175.00 million

Supporting fossil fuel energy

At least

$940.00 million

Supporting clean energy

Asian Infrastructure Investment Bank (AIIB)

In 2020-2021, in response to the COVID 19 pandemic, Asian Infrastructure Investment Bank (AIIB) have committed at least USD 2.17 billion to supporting energy projects through new loans, grants, and guarantees according to their own reporting and other publicly available information. This public finance includes:

At least USD 175.00 million for fossil fuels without conditions
At least USD 542.50 million for unconditional clean energy
At least USD 397.50 million for conditional clean energy
At least USD 1.06 billion for other energy

By energy type, no public finance identified for oil and gas.

Finally, Asian Infrastructure Investment Bank (AIIB) committed at least USD 175.00 million to multiple fossil fuels (at least USD 175.00 million to unconditional multiple fossil fuels).

A considerably larger amount of new public finance from Asian Infrastructure Investment Bank (AIIB) that is not at the project level may also benefit different elements of the energy sector, however this finance is not reported on in a way that can be disaggregated and therefore is not included in the database. This finance is largely made up of (a) investments in financial intermediaries (like commercial banks, private equity firms, or other development funds), (b) budgetary or policy support loans that are cross-cutting across many areas of government, (c) technical assistance, and (d) funding for associated infrastructure like ports or roads that will be primarily used for the transport of energy-related goods.

Many of these public finance commitments are part of programs that existed prior to the COVID-19 pandemic, however they only represent projects that were approved post-pandemic. Recovery spending via Asian Infrastructure Investment Bank (AIIB) is cross cutting and it is quite subjective to disaggregate what projects are or are not recovery related.

Public money commitments to fossil fuels, clean and other energy in Asian Infrastructure Investment Bank (AIIB) recovery packages, USD billion, in 2020-2021

Policies and Finance

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MDB	Recipient Country	Category	Policy name	Sector	Energy Type	Mechanism	Value committed, USD	Date of announcement		Policy type	Sub-Institution or Programme	Receiving entity	Stage	Arm of Government	Primary and secondary stated objective of the policy	Policy background	Links to official sources	Links to additional sources
Asian Infrastructure Investment Bank (AIIB)	Multiple	Clean unconditional	Bundled – AIIB “Clean Unconditional” Investments under $200 million in 2021	Multiple sectors	Multiple energy types	Multiple public finance	447500000	2021123131/12/2021		Fiscal		Multiple	Several energy stages	Public finance institution		This line item reflects the Asian Infrastructure Investment Bank investments made in "clean unconditional" projects (as per Energy Policy Tracker methodology) since January 1, 2021.	Project-level data can be accessed here: energyfinance.org
Asian Infrastructure Investment Bank (AIIB)	Multiple	Clean conditional	Bundled – AIIB “Clean Conditional” Investments under $200 million in 2021	Multiple sectors	Multiple energy types	Multiple public finance	47500000	2021123131/12/2021		Fiscal		Multiple	Several energy stages	Public finance institution		This line item reflects Asian Infrastructure Investment Bank investments made in "clean conditional" projects (as per Energy Policy Tracker methodology) since January 1, 2021.	Project-level data can be accessed here: energyfinance.org
Asian Infrastructure Investment Bank (AIIB)	Multiple	Other energy	Bundled – AIIB “Other Energy” Investments under $200 million in 2021	Multiple sectors	Multiple energy types	Multiple public finance	201000000	2021123131/12/2021		Fiscal		Multiple	Several energy stages	Public finance institution		This line item reflects Asian Infrastructure Investment Bank investments made in "other energy" projects (as per Energy Policy Tracker methodology) since January 1, 2021.	Project-level data can be accessed here: energyfinance.org
Asian Infrastructure Investment Bank (AIIB)	Multiple	Fossil unconditional	Bundled – AIIB “Fossil Unconditional” Investments under $200 million in 2021	Multiple sectors	Multiple fossil	Multiple public finance	175000000	2021123131/12/2021		Fiscal		Multiple	Several energy stages	Public finance institution		This line item reflects Asian Infrastructure Investment Bank investments made in "fossil unconditional" projects (as per Energy Policy Tracker methodology) since January 1, 2021.	Project-level data can be accessed here: energyfinance.org
Asian Infrastructure Investment Bank (AIIB)	Indonesia	Other energy	PLN East Java & Bali Power Distribution Strengthening Project	Power generation	Other energy type	Loan (Hybrid),loan guarantee (...	310000000	2021012828/01/2021		Fiscal		Perusahaan Listrik Negara (PLN/Persero)	Electricity storage or transmission or distribution	Public finance institution		"AIIB Project 000292: The Project will support the implementation of Indonesia’s rolling 10-year Electricity Business Plan (RUPTL) (2019-2028) in East Java and Bali, currently under the management of PLN’s Java, Madura and Bali Regional Development Directorate (JMB). In line with the region’s objectives and targets outlined in the RUPTL, the Project will support PLN’s ongoing program to increase access and improve quality of power distribution through infrastructure development. The planned activities under the Project include: Component A: Installation of additional length of medium-voltage (MV) distribution lines. Component B: Installation of additional length of low-voltage (LV) distribution lines. Component C: Installation of additional capacity of distribution transformers."	" https://web.archive.org/save/ https://www.aiib.org/en/projects/details/2021/approved/Indonesia-PLN-East-Java-Bali-Power-Distribution-Strengthening-Project.html https://ijglobal.com/data/transaction/47452/east-java-and-bali-power-distribution-network-17000km"
Asian Infrastructure Investment Bank (AIIB)	India	Other energy	Assam Intra-State Transmission System Enhancement Project	Power generation	Multiple energy types	Loan (Hybrid),loan guarantee (...	304000000	2021012828/01/2021		Fiscal		Government of India	Electricity storage or transmission or distribution	Public finance institution		"AIIB Project 000302: The project aims to strengthen Assam’s electricity transmission system by a) constructing new transmission sub-stations and laying new transmission lines with the associated infrastructure, b) upgrading existing substations, transmission lines and existing ground wire to optical power ground wire (OPGW), and c) providing technical assistance to support implementation of the project. The project comprises three components: Component 1. Construction of about 10 new high voltage grid substations (400 kV, 220 kV and 132 kV) along with the associated transmission lines. Component 2. Upgradation of a) about 15 existing substations, b) upgradation of transmission lines to High Tension Low Sag, and c) replacement of existing ground wire by OPGW. Component 3. Technical assistance, including (i) supporting the purchase, installation and operation of an enterprise resource planning system; (ii) engaging a Project Management Consultant to help support implementation of the project; and (iii) organizing training and workshops on project implementation."	https://web.archive.org/web/20220713124126/ https://www.aiib.org/en/projects/details/2021/approved/India-Assam-Intra-State-Transmission-System-Enhancement-Project.html
Asian Infrastructure Investment Bank (AIIB)	Pakistan	Clean conditional	Balakot Hydropower Development Project	Power generation	Hydro	Loan (Hybrid),loan guarantee (...	250000000	2021071515/07/2021		Fiscal		Government of Pakistan	Electricity generation	Public finance institution		"AIIB Project 000339: The Project will comprise construction of a 300-MW run-of-river hydropower plant located on the Kunhar River in Mansehra District, Khyber Pakhtunkhwa Province (KPK), Pakistan. The Project also includes training and livelihood skill development activities for local communities, particularly women, in the surrounding areas and promotion of gender mainstreaming. NOTE: IJ Global cites a financial close date of May 21, 2021"	https://web.archive.org/web/20230214001702/ https://www.aiib.org/en/projects/details/2021/approved/Pakistan-Balakot-Hydropower-Development-Project.html%20%20%20%20 https://ijglobal.com/data/transaction/49986/balakot-hydropower-plant-300mw
Asian Infrastructure Investment Bank (AIIB)	Multiple	Fossil unconditional	Bundled – AIIB “Fossil Unconditional” Investments under $100 million since Jan 1 2...	Multiple sectors	Multiple energy types	Loan (Hybrid),loan guarantee (...	0	2020050808/05/2020		Fiscal	Multiple	Multiple	Several energy stages	Public finance institution		This line item reflects AIIB investments made in "fossil unconditional" projects (as per Energy Policy Tracker methodology) since January 1, 2020.	Project-level data can be accessed here: http://priceofoil.org/shift-the-subsidies/
Asian Infrastructure Investment Bank (AIIB)	Multiple	Fossil conditional	Bundled – AIIB “Fossil Conditional” Investments under $100 million since Jan 1 202...	Multiple sectors	Multiple energy types	Loan (Hybrid),loan guarantee (...	0	2020050808/05/2020		Fiscal	Multiple	Multiple	Several energy stages	Public finance institution		This line item reflects AIIB investments made in "fossil conditional" projects (as per Energy Policy Tracker methodology) since January 1, 2020.	Project-level data can be accessed here: http://priceofoil.org/shift-the-subsidies/
Asian Infrastructure Investment Bank (AIIB)	Multiple	Other energy	Bundled – AIIB “Other Energy” Investments under $100 million since Jan 1 2020	Multiple sectors	Multiple energy types	Loan (Hybrid),loan guarantee (...	40000000	2020050808/05/2020		Fiscal	Multiple	Multiple	Several energy stages	Public finance institution		This line item reflects AIIB investments made in "other energy" projects (as per Energy Policy Tracker methodology) since January 1, 2020.	Project-level data can be accessed here: http://priceofoil.org/shift-the-subsidies/
Asian Infrastructure Investment Bank (AIIB)	Multiple	Clean conditional	Bundled – AIIB “Clean Conditional” Investments under $100 million since Jan 1 2020	Multiple sectors	Multiple energy types	Loan (Hybrid),loan guarantee (...	0	2020050808/05/2020		Fiscal	Multiple	Multiple	Several energy stages	Public finance institution		This line item reflects AIIB investments made in "clean conditional" projects (as per Energy Policy Tracker methodology) since January 1, 2020.	Project-level data can be accessed here: http://priceofoil.org/shift-the-subsidies/
Asian Infrastructure Investment Bank (AIIB)	Multiple	Clean unconditional	Bundled – AIIB “Clean Unconditional” Investments under $100 million since Jan 1 20...	Multiple sectors	Multiple energy types	Loan (Hybrid),loan guarantee (...	95000000	2020050808/05/2020		Fiscal	Multiple	Multiple	Several energy stages	Public finance institution		This line item reflects AIIB investments made in "clean unconditional" projects (as per Energy Policy Tracker methodology) since January 1, 2020.	Project-level data can be accessed here: http://priceofoil.org/shift-the-subsidies/
Asian Infrastructure Investment Bank (AIIB)	Multiple	Clean conditional	ADM Capital [Elkhorn] Emerging Asia Renewable Energy Fund	Multiple sectors	Multiple energy types	Equity injection or nationalis...	100000000	2020112525/11/2020		Fiscal		ADM Capital [Elkhorn] Emerging Asia Renewable Energy Fund	Several energy stages	Public finance institution		AIIB Project 000335. AIIB is an anchor investor in the ADM Capital Elkhorn Emerging Asia Renewable Energy Fund, a closed-end private credit / debt fund that is being set up with a target fund size of $500 million. The Fund is being established, as a first time initiative in Asia, to help mobilize private institutional capital for providing short, medium and long-term debt financing solutions to small and medium-sized enterprises (SMEs) operating in the renewable energy and energy efficiency sector in emerging Asia.	" https://www.aiib.org/en/projects/details/2020/approved/Multicountry-ADM-Capital-Emerging-Asia-Renewable-Energy-Fund.html https://www.aiib.org/en/projects/details/2020/approved/_download/multicountry/AIIB-PSI-P000335_ADM-Capital-Emerging-Asia-Renewable-Energy-Fund-After-approvalNov-25.pdf https://www.aiib.org/en/news-events/news/2020/First-of-its-Kind-Investment-Helps-Bridge-Financing-Gap-for-Small-and-Medium-Sized-Enterprises-in-Renewables-Sector.html" Accessed 15 Jan 2021
Asian Infrastructure Investment Bank (AIIB)	Bangladesh	Other energy	Dhaka and West Zone Transmission Grid Expansion Project	Power generation	Multiple energy types	Loan (Hybrid),loan guarantee (...	200000000	2020011717/01/2020		Fiscal		People’s Republic of Bangladesh	Several energy stages	Public finance institution		"AIIB Project 0000272. The proposed Project will include three components. Component 1: construction of substations with a total capacity of 4,450 megavolt-ampere (MVA) and transmission lines of 40 km in Greater Dhaka. Component 2: construction of substations with a total capacity of 2,990 MVA and transmission lines of 368 km and 20 bay extensions in Western Zone. Component 3: strengthening of institutional capacity of Power Grid Company of Bangladesh (PGCB). The objective of the proposed Project is to enhance the reliability and efficiency of power transmission in Dhaka and Western Zone of Bangladesh and strengthen institutional capacity of PGCB. NOTE #1: No information was found in the project page to suggest the project should be marked as ""true"" for ""access."" However, a correspoinding AIIB news release indicates the project will expand access. NOTE #2: As of December 8, 2020, IJ Global indicates that this project has not yet reached financial close."	" https://www.aiib.org/en/projects/details/2020/approved/Bangladesh-Dhaka-and-West-Zone-Transmission-Grid-Expansion-Project.html https://www.aiib.org/en/projects/details/2020/approved/_download/Bangladesh/PSI-P000272-Dhaka-and-Western-Zone-Transmission-Grid-Expansion-20200117_ptlupdate_II.pdf https://www.aiib.org/en/news-events/news/2020/USD200M-AIIB-Loan-to-Help-Increase-Electricity-Access-in-Bangladesh.html https://ijglobal.com/data/transaction/46675/dhaka-and-western-zone-transmission-lines-expansion-408km https://en.wikipedia.org/wiki/Asian_Infrastructure_Investment_Bank Accessed 15 Jan, 2021

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