Manila, April 9 -- The Association of Southeast Asian Nations (ASEAN) and the Asian Development Bank (ADB) are mobilizing USD25 million worth of financing to accelerate ASEAN Power Grid investments and support access to reliable power supply in the region.

The Regional Connectivity Fund (RCF) for Energy under the ASEAN Infrastructure Fund (AIF) was formally launched during the 2026 ASEAN Finance Deputies' Meeting (AFDM) on April 7, according to the ASEAN 2026 Secretariat on Thursday.

With an initial funding of USD25 million from Australia, Canada, the European Union, Germany, and the United Kingdom, the RCF will finance grants and provide technical assistance to develop cross-border energy projects across the region.

This includes feas...