Asian Development Bank Unveils $70 Billion Plan to Enhance Asian Power Grids and Digital Networks
The Asian Development Bank (ADB) has announced a significant investment plan totaling $70 billion aimed at enhancing power grids and digital networks across Asia and the Pacific. This initiative, revealed at the ADB's annual meeting in Samarkand, Uzbekistan, includes two major projects: the Pan-Asia Power Grid Initiative and the Asia-Pacific Digital Highway. The Pan-Asia Power Grid Initiative is set to receive the majority of the funding, focusing on connecting national and subregional power systems to facilitate the cross-border flow of renewable energy. The ADB plans to mobilize $50 billion by 2035 for this initiative, which will involve the development of transmission lines, substations, and grid digitalization. The Asia-Pacific Digital Highway aims to close the digital infrastructure gap by investing $20 billion in digital corridors, data infrastructure, and AI-ready economies. This project seeks to provide broadband access to 200 million people and improve digital connectivity for an additional 450 mi... 
