World Bank Asia Sustainable and Alternative Energy ProgramWorld Bank Asia Sustainable and Alternative Energy Program Contact: Mohammad Farhandi
The Asia Sustainable and Alternative Energy Program (ASTAE) was established in 1992 to mainstream alternative energy (renewable energy and energy efficiency) in the World Bank’s power sector lending operations in Asia. The ASTAE-supported alternative energy lending portfolio for FY 93-03 consists of 38 operations in 11 countries with a total alternative energy cost of $3.5 billion and total Bank/GEF commitments of $1.1-1.3 billion. The 17 projects under implementation will displace more than 1 gigawatt (GW) of fossil fuel based generation capacity and will provide electricity to an estimated 530,000-630,000 rural households in remote areas that would otherwise lack access. Increasingly, alternative energy is being mainstreamed into Bank/GEF lending to the Power Sector in Asia. For the period FY97-FY99, 12% of Total (cumulative) Bank Power Sector lending in Asia was for alternative energy projects or project components.
THE FUND FACILITATES RENEWABLE ENERGY AND ENERGY EFFICIENCY PROJECTS IN ASIA DOES NOT FUND DIRECTLY