Business players urge EU-ASEAN partnership on ASEAN Power Grid
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The European Union-ASEAN Business Council (EU-ABC) has called on leaders from both regions to establish a flagship partnership on the ASEAN Power Grid (APG) and create structured cooperation to advance Southeast Asia's regional economic integration.
The proposed partnership would entail technical and financial support from the European Union to implement the grid, leveraging the EU’s extensive experience in developing interconnected electricity systems and European funding projects.
"To date, 105 million euros (US$117 million) in grant funding has been allocated to various Team Europe initiatives on sustainable connectivity and the green transition," Executive Director of EU-ABC Chris Humphrey said in a statement released here on Wednesday.
The business council envisions the power grid partnership as one of three headline outcomes to mark the 50th anniversary of ASEAN-EU relations in 2027. The other two goals include building a region-to-region economic architecture and strengthening resilient trusted regional systems.
Humphrey expressed hope that the upcoming milestone will yield not only commercial rewards but also broad economic benefits to uplift communities across Southeast Asia.
