New Initiative
Regional Connectivity Fund for Energy in Southeast Asia
Established under AIF and managed by ADB, the Regional Connectivity Fund for Energy in Southeast Asia (RCF) is part of AIF's Action Plan to scale up financing for regional connectivity, endorsed by finance ministers under Malaysia's AIF chairship.
The fund will provide technical assistance, project preparation financing, and capacity building to help countries, utilities, and private sector sponsors bring complex regional energy projects to market. It supports activities such as feasibility studies, engineering design, financial structuring, and environmental and social (E&S) assessments, while also strengthening policy and regulatory frameworks.
The RCF has mobilized $25 million in initial contributions from Australia, Canada, the European Union, Germany, and the United Kingdom.
As energy demand in Southeast Asia continues to grow rapidly, the fund will play a critical role in accelerating investment, from both public and private sources, to promote ASEAN's energy security and growth, resilience, and decarbonization.
The ASEAN Power Grid is one of Southeast Asia's greatest opportunities, with the potential to deliver energy security for nearly 700 million people and power the region's growth. Thanks to the strong support of our partners ... this project preparation fund is a decisive step toward accelerating high-quality ASEAN Power Grid investments and turning regional ambition into action.
Partners
