ADB, WB pledge over $12 bln for ASEAN power grid, renewable energy projects

Written By Greg Watson

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The ASEAN Power Grid Financing Initiative (APGF) gained fresh momentum after the Asian Development Bank (ADB) and the World Bank (WB) pledged over $12 billion to accelerate regional electricity connectivity and renewable energy development.

The APGF is designed to provide financial backing for the ASEAN Power Grid (APG), a flagship initiative under the upcoming ASEAN Plan of Action for Energy Cooperation 2026-2030. The APG aims to interconnect national grids to improve energy security, diversify supply sources, optimise resource use, and foster cross-border electricity trade in the region.

Doshi, Tilak. (2013). ASEAN Energy Integration: Interconnected Power and Gas Pipeline Grids. 10.1355/9789814414128-015.

Greg Watson
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