Financing through JICA-funded "LEAP2" (Private Sector Investment Finance) for a Green Ammonia Project in India: First project approved under ACCEL by ADB and the Government of Japan
Japan, Oct. 21 -- On October 14, the Asian Development Bank (ADB) has signed an investment agreement with AM Green Ammonia (India) Private Limited, a green ammonia producer in the Republic of India, for a green ammonia production project. The project is the first investment approved under the Action for Creating Energy Security for Long-term Resilience (ACCEL). Of the total financing package, up to USD 100 million will be provided through JICA-funded LEAP2.LEAP2 is an ADB-managed fund with a commitment of up to 1.5 billion US dollars from JICA. It focuses on providing financing for high-quality private-sector infrastructure projects in ADB's developing member countries in Asia and the Pacific. Projects supported by LEAP2 include initiatives...
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