ADB Reaffirms Exclusion Of Nuclear Energy Financing

KUALA LUMPUR, Oct 15 (Bernama) -- The Asian Development Bank (ADB) has reaffirmed that it will not finance any nuclear power generation projects under its current energy policy.

ADB South Asia Development Director General Winfried F Wicklein said the bank’s existing framework does not permit funding for nuclear energy initiatives.

However, Wicklein noted growing interest among several ASEAN member states in exploring nuclear energy as part of their long-term energy strategies.

“At the moment, our energy policy does not allow our financing of nuclear energy,” he told reporters after the 25th ASEAN Energy Business Forum here today.

“We recognise increasing demand and exploration of nuclear options in the region, and we are following those developments with interest, but we are not directly involved at this stage,” he added.

-- BERNAMA