AI & Enterprise
ADB to invest $50 billion in pan-Asian power grid by 2035
The Asian Development Bank plans to invest $50 billion by 2035 to build a pan-Asian power grid to meet rising electricity demand from the spread of AI. It also proposed an additional $20 billion for digital infrastructure, taking the total to $70 billion for energy and telecommunications projects. The plan aims to link national grids, expand renewable energy trade, improve power access, cut emissions and create jobs.
