04-May-2026
Corporate News
 
ADB Launches $70 Billion Plan for Energy, Digital Infrastructure in Asia-Pacific
04-May-2026

The Asian Development Bank on Sunday announced a $70 billion programme to expand energy and digital infrastructure across the Asia-Pacific region by 2035, aiming to strengthen power grid links, boost cross-border electricity trade and increase broadband access. ADB President Masato Kanda said energy and digital connectivity would underpin the region's long-term growth as demand rises and technological change accelerates. "By linking power grids and digital networks across borders, we can lower costs, expand opportunity and bring reliable power and digital access to hundreds of millions of people," Kanda said in a statement.

News Source:- https://money.usnews.com/investing/news/articles/2026-05-03/adb-launches-70-billion-plan-for-energy-digital-infrastructure-in-asia-pacific