Advertisement
Private equity has played a significant role in shaping Indi...
In today’s real estate landscape, fitness is often treated...
In this episode of Prop Personalities, we sit down with Hars...
Luxury real estate is one of the most talked-about segments ...
Welcome to Prop Personalities by Prop News Time - a podcast ...
The Asian Development Bank (ADB) has announced a USD 70 billion programme aimed at strengthening energy and digital infrastructure across the Asia-Pacific region by 2035. The plan focuses on improving cross-border power connectivity, expanding renewable energy integration, and enhancing broadband access. A major share will be invested in a regional power grid initiative, while the rest will support digital networks such as fibre optics and data centres. The programme is expected to improve electricity access, reduce emissions, lower connectivity costs, and create millions of jobs, supporting long-term economic growth in the region.
The Asian Development Bank (ADB) has introduced a USD 70 billion programme to expand energy and digital infrastructure across the Asia-Pacific region by 2035. The initiative aims to strengthen power grid connections between countries, increase cross-border electricity trade, and improve broadband access, especially in underserved areas. Advertisement
ADB President Masato Kanda stated that energy and digital connectivity are expected to play a key role in supporting long-term growth in the region, as demand continues to rise alongside rapid technological advancements. He indicated that linking power grids and digital systems across borders would help reduce costs, improve access, and provide reliable services to a large population.
The programme allocates USD 50 billion to a new Pan-Asia Power Grid Initiative (PAGI), while USD 20 billion has been set aside for digital and technology infrastructure. Under PAGI, the bank plans to integrate around 20 gigawatts of renewable energy across countries and build nearly 22,000 circuit-kilometres of transmission lines. The initiative also aims to improve electricity access for around 200 million people by 2035 and is expected to reduce regional power-sector emissions by approximately 15%.
ADB will finance about half of the power grid initiative through its own resources, with the remaining funding expected to come from co-financing partners, including private sector investors. This approach aligns with the bank’s earlier efforts to mobilise blended finance for large infrastructure projects in developing markets.
In the digital segment, the remaining USD 20 billion will be mobilised through the Asia-Pacific Digital Highway programme. This includes investments in fibre-optic networks, subsea cables, satellite connectivity, and regional data centres. The initiative is designed to provide first-time broadband access to around 200 million people, while improving connectivity for an additional 450 million by 2035.
The digital programme is also expected to reduce connectivity costs in remote areas by nearly 40% and create up to 4 million jobs across the region. ADB plans to contribute USD 15 billion from its own resources towards this segment, with the rest expected from partnerships and external funding.
This announcement builds on ADB’s continued focus on sustainable infrastructure and regional integration. In recent years, the bank has increased its investments in clean energy, digital systems, and cross-border connectivity to support economic development and climate goals in the Asia-Pacific region.
Source Reuters
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
