KUALA LUMPUR, MALAYSIA (15 October 2025) – The Asian Development Bank (ADB), the World Bank Group, and the Association of Southeast Asian Nations (ASEAN) have launched a new financing initiative to support the ASEAN Power Grid (APG) – ASEAN's collective effort to connect the. KUALA LUMPUR, MALAYSIA (15 October 2025) – The Asian Development Bank (ADB), the World Bank Group, and the Association of Southeast Asian Nations (ASEAN) have launched a new financing initiative to support the ASEAN Power Grid (APG) – ASEAN's collective effort to connect the. Overview Following the directive of the 41st ASEAN Ministers on Energy Meeting (AMEM) to expand multilateral power trading efforts, the ASEAN region aims for greater power grid interconnectivity within the region. First proposed in 1997 under ASEAN Vision 2020, the APG was conceived as a long-term strategy to interconnect power systems, facilitate. The Meeting welcomed the commencement of the process for extending the existing Memorandum of Understanding (MoU) of APG until 31 December 2025 and called upon all AMS and APG bodies to support APGCC as the lead body for the preparation of the successor APG agreement. The Meeting commended. Updates and milestones of the Lao PDR, Thailand, Malaysia, Singapore – Power Interconnection Project (LTMS-PIP) and the Brunei Darussalam, Indonesia, Malaysia, Philippines – PIP (BIMP-PIP). The ASEAN Power Grid (APG) plays a critical role in accelerating the region's renewable energy transition. Case Study (LTMS & BIMP) 4. APG Financing Facility & Ministerial Interface 6.