The Asian Development Bank (ADB) is set to channel $70 bn into the development of transnational energy grids and digital infrastructure across the Asia-Pacific region by 2035.
Masato Kanda, the president of the bank, unveiled these ambitious plans during a press conference at the organisation’s annual meeting in Samarkand. According to Kanda, widespread access to modern energy and digital technologies will serve as the primary catalyst for regional growth.
Merging national power systems and digital networks is expected to drastically cut operational costs, enhance infrastructure resilience and provide millions of citizens with vital electricity and internet connectivity.