May 6, 2026 11:55 AM
ADB to mobilize USD 50 billion to boost regional connectivity through Pan-Asia Power Grid
The Asian Development Bank (ADB) is mobilizing USD 50 billion by 2035 to transform regional connectivity into action through the development of cross-border power grids. The financial commitment aims to lower energy costs, strengthen reliability, and expand clean energy trade across some of the world's most complex regions. According to ADB, the initiative seeks to address the growing energy needs of Asia and the Pacific by leveraging new financing tools, policy support, and strategic partnersh...