ADB, World Bank commit $12.5 billion to ASEAN Power Grid plan

The Asian Development Bank (ADB) and World Bank have launched a $12.5 billion initiative to finance regional power interconnection in Southeast Asia under the ASEAN Power Grid program.The World Bank, ADB and Association of Southeast Asian Nations (ASEAN) have announced a financing initiative to support the development of an ASEAN Power Grid (APG), a project aiming for regional interconnection between the Southeast Asian nations by 2045. The newly-announced ASEAN Power Grid Financing Initiative (APGF) will mobilize large-scale financing for cross-border power interconnections across land and along ...

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