Philippines, April 7 -- The Asian Development Bank (ADB) has launched a multi-partner fund to finance critical project preparation work for cross-border energy and transmission infrastructure within the Association of Southeast Asian Nations (ASEAN)-the first such fund in the region. The Regional Connectivity Fund for Energy in Southeast Asia (RCF) will advance the development of the ASEAN Power Grid, the regional bloc's flagship initiative to achieve fully integrated electricity grid operations by 2045. The RCF is a key initiative delivered under the ASEAN Infrastructure Fund (AIF)-Southeast Asia's largest regionally owned infrastructure financing platform-and will help the AIF expand its scale and impact. Initial funding equivalent to abo...