ADB to Mobilize $50 Billion to Turn Regional Connectivity into Action
The Asian Development Bank (ADB) is mobilizing $50 billion by 2035 through new financing tools, policy support, and partnerships to help countries build cross-border power grids across some of the world's most complex regions, aiming to lower energy costs, strengthen reliability, and expand clean energy trade, ADB President Masato Kanda said today.
"The $50 billion Pan-Asia Power Grid Initiative is about building the infrastructure required for a more connected, resilient, and prosperous Asia and the Pacific," Mr. Kanda said. "Countries that stay connected attract investment and weather shocks better than those that turn inward. Connectivity is our answer to fragmentation."
Speaking at the Governors' Seminar on the Pan-Asia Power Grid Initiative (PAGI) during ADB's 59th Annual Meeting, Mr. Kanda underscored ADB's role in moving beyond standalone projects toward integrated regional systems that underpin growth, resilience, and energy security.
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ADB to Mobilize $50 Billion to Turn Regional Connectivity into Action
05.05.2026.17:07
The Asian Development Bank (ADB) is mobilizing $50 billion by 2035 through new financing tools, policy support, and partnerships to help countries build cross-border power grids across some of the world's most complex regions, aiming to lower energy costs, strengthen reliability, and expand clean energy trade, ADB President Masato Kanda said today.
"The $50 billion Pan-Asia Power Grid Initiative is about building the infrastructure required for a more connected, resilient, and prosperous Asia and the Pacific," Mr. Kanda said. "Countries that stay connected attract investment and weather shocks better than those that turn inward. Connectivity is our answer to fragmentation."
Speaking at the Governors' Seminar on the Pan-Asia Power Grid Initiative (PAGI) during ADB's 59th Annual Meeting, Mr. Kanda underscored ADB's role in moving beyond standalone projects toward integrated regional systems that underpin growth, resilience, and energy security.
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