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

8 September 2026National

On 7 September 2026 the Asian Development Bank signed its first Transaction Advisory Services (TAS) mandate in India with the Government of Madhya Pradesh, to develop renewable-energy public-private partnership projects and attract private investment of up to USD 1 billion. The agreement was signed at Bhopal by ADB India Country Director Mio Oka in the presence of Chief Minister Dr Mohan Yadav. Under the mandate ADB acts as transaction advisor, supporting project preparation, structuring, bankable tender development and private capital mobilisation. The first project in the pipeline is a solar generation facility integrated with a Battery Energy Storage System at Shajapur, feeding India's grid-stability and clean-energy investment goals.

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The Asian Development Bank was established in 1966 and is headquartered in Manila, Philippines; Japan and the USA are its largest shareholders | Masato Kanda is the President of ADB | Madhya Pradesh's capital is Bhopal and its Chief Minister is Dr Mohan Yadav

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