GEAPP provides $35m to improve energy access, transition in South and Southeast Asia

Bangladesh, India, Indonesia, Pakistan, and Vietnam will be prioritised for the fund.

The Global Energy Alliance for People and Planet (GEAPP) is contributing $35m to ramp up energy access and the energy transition in South and Southeast Asia.

In a statement, the Asian Development Bank said the funds will focus on the energy sector of Bangladesh, India, Indonesia, Pakistan and Vietnam.

“We welcome this support from GEAPP which will help ADB in two of our most important priorities as Asia and the Pacific’s climate bank,” said ADB Managing Director General Wooching Um. 

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“First, expanding clean energy for the 350 million people in our region who have either limited or no access to electricity. And second, catalyzing the transition from coal and other fossil fuels toward clean, affordable, and reliable energy sources,” Um added.

ADB will manage the fund from the GEAPP Energy Access and Transition Trust Fund.