ADB plans 70 billion push to connect Asia Pacific power and internet by 2035

A major cross border power deal and $50bn target

The Asian Development Bank says it will finance about $70 billion in energy and digital infrastructure across Asia Pacific by 2035. Through its power grid initiative, it plans to mobilize $50 billion to link cross-border electricity networks, back renewable energy integration, and expand transmission capacity—aiming to raise reliability while widening access to electricity and internet connectivity.