The Asian Development Bank (ADB) has announced plans to support USD70 billion in energy and digital infrastructure investments across the Asia Pacific region by 2035, including a USD50 billion initiative focused on cross-border electricity transmission and regional power grid integration.
Under the initiative, ADB will work with governments, utilities, private sector entities and development partners to support the development of cross-border transmission lines, substations, energy storage systems, and grid digitalisation infrastructure aimed at strengthening regional electricity interconnections.