Asian Development Bank plans $70 billion investment in energy and digital infrastructure by 2035
ADB plans regional integration of power and digital networks, aiming to expand access, reduce costs, and support AI-related infrastructure development.
Asian Development Bank (ADB) announced plans to support $70 billion in energy and digital infrastructure initiatives by 2035. The announcement was made by Masato Kanda during ADB’s Annual Meeting in Samarkand, Uzbekistan.
The plan includes the Pan-Asia Power Grid Initiative, which aims to mobilise $50 billion for cross-border electricity infrastructure. It focuses on transmission, grid integration, storage, and digitalisation, as well as renewable energy projects linked to regional electricity trade.
ADB says that the initiative aims to integrate around 20 gigawatts of renewable energy across borders, connect 22,000 circuit-kilometres of transmission lines, and improve energy access for 200 million people. It also refers to employment creation and emissions reductions linked to regional power systems.
The Asia-Pacific Digital Highway is expected to mobilise $20 billion to support digital corridors, fibre networks, satellite links, and regional data centres, says ADB. The initiative also includes policy and regulatory support, including cybersecurity risk management, and programmes to strengthen digital and AI-related skills.
ADB states that the initiative aims to expand broadband access to 200 million people and improve connectivity for 450 million more. It also refers to the establishment of a Centre for AI Innovation and Development in Seoul to support AI adoption and skills development.
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