ADB, Singapore Renew Partnership to Accelerate Cross-Border Clean Energy in Southeast Asia
The Asian Development Bank (ADB) and Singapore’s Energy Market Authority (EMA) have renewed a three‑year memorandum of understanding to accelerate cross‑border renewable energy and grid‑interconnector projects across ASEAN. The partnership will focus on overcoming barriers such as project bankability, risk allocation, and subsea cable complexities. ADB has pledged up to $10 billion over the next decade to the ASEAN Power Grid, while a broader $70 billion regional connectivity push was announced this month. The renewed MOU aligns with Singapore’s goal to secure clean electricity imports and supports the wider vision of a fully integrated Southeast Asian power network.
ADB Commits $680 Million for Pacific Development in 2025
On April 23, 2026, the Asian Development Bank announced a $679.8 million commitment for its Pacific developing member countries in 2025, including $214.4 million in grants from the Asian Development Fund. The funding targets transport, water, energy, finance and public sector management,...