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Over US$50bil needed to complete Asean Power Grid, says Fadillah

today4 September 2025

Background


Deputy prime minister Fadillah Yusof said in the Asean Power Grid’s financing structure, governments would play only a facilitating role while the private sector would determine the commercial model. (Bernama pic)
PETALING JAYA:

More than US$50 billion (RM211.25 billion) is needed to complete the Asean Power Grid project, says deputy prime minister Fadillah Yusof.

Fadillah, who is also energy transition and water transformation minister, said the existing financing support from international banks remains insufficient to complete the project.

He said the World Bank has allocated US$2.5 billion, while the Asian Development Bank has set aside US$10 billion to support the initiative.

“The challenge is always the financial and business model needed to attract more investors,” Bernama reported him as saying at the Sustainability and Renewable Energy Forum 4.0 in Kuching.

The Asean Power Grid initiative is a flagship regional project aimed at enhancing energy security,…

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Written by: FMT Reporters

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