“The Asian Development Bank (ADB) on Sunday announced a $70 billion programme to expand energy and digital infrastructure across the Asia-Pacific region by 2035, aiming to strengthen power grid links, boost cross-border electricity trade and increase broadband access.”
“The plan included $50 billion for a new Pan‑Asia Power Grid Initiative (PAGI) and $20 billion for technology and digital connectivity projects, the bank said.”
“Under PAGI, ADB aims to integrate about 20 gigawatts of renewable energy across borders, build 22,000 circuit-kilometres of transmission lines and improve electricity access for 200 million people by 2035. It expects the initiative to cut regional power-sector emissions by around 15%.”