Pakistan, May 4 -- The Asian Development Bank (ADB) will back $70 billion in new energy and digital infrastructure initiatives by 2035, aiming to connect power grids, expand cross-border electricity trade, and improve broadband access across Asia and the Pacific.

"Energy and digital access will define the region's future," said ADB President Masato Kanda, according to ADB press release received here. "These two initiatives build the systems Asia and the Pacific need to grow, compete, and connect. By linking power grids and digital networks across borders, we can lower costs, expand opportunity, and bring reliable power and digital access to hundreds of millions of people." The Pan-Asia Power Grid Initiative will connect national and subr...