Why in news?
The Asian Development Bank (ADB) announced a US$70 billion programme to expand power transmission and digital infrastructure across the Asia‑Pacific region. The package aims to integrate renewable energy across borders and improve broadband connectivity for millions of people by 2035.
Background
Rapid economic growth in Asia has increased demand for electricity and digital services. Many countries generate surplus renewable energy, while others face shortages. Inadequate transmission lines limit the trade of clean power, and digital infrastructure gaps restrict access to high‑speed internet. The ADB’s programme aims to foster regional cooperation by building cross‑border power grids and digital “highways”.
Key points
- Pan‑Asia Power Grid: The initiative will mobilise US$50 billion to build and upgrade around 22,000 km of transmission lines. It seeks to integrate 20 gigawatts of renewable energy, supply electricity to about 200 million people and reduce regional carbon emissions by roughly 15%. The project will generate an estimated 840,000 jobs.
- Digital Connectivity: A further US$20 billion will be invested in fibre‑optic cables, satellite links and data centres. The goal is to deliver reliable broadband to 200 million people and improve connectivity for 450 million more, lowering costs by about 40% and creating around four million jobs.
- Centre for AI Innovation: As part of the programme, the ADB plans to establish a regional centre to support research and capacity‑building in artificial intelligence. This aims to help member countries adopt digital technologies responsibly.
Significance
By investing in cross‑border infrastructure, the ADB hopes to strengthen energy security, accelerate the uptake of renewable power and narrow the digital divide in Asia. Improved connectivity can support economic integration, job creation and climate goals. If implemented successfully, the programme may serve as a model for other regions.
Sources: Reuters