ADB ready to extend $1 B to boost Phl power network
The Philippine Star
|October 30, 2025
Multilateral lender Asian Development Bank (ADB) is looking to extend up to $1 billion in financing to fortify and modernize the Philippines' electrical superhighway, according to an official.
"We are looking at strengthening your national grid," ADB senior director for energy Priyantha Wijayatunga said in a chance interview yesterday on the sidelines of the 2025 Asia Clean Energy Summit here.
"There is a request to ADB to support, and we (still) have to work it out because it's not the government's grid at the moment," he said.
A privately owned corporation, the National Grid Corp. of the Philippines holds a 25-year concession contract and a 50-year franchise to operate the country's power transmission network.
According to the ADB official, the loan, which could total “up to about a billion dollars,” is designed to help the Philippines accommodate the projected influx of offshore wind capacity.
This story is from the October 30, 2025 edition of The Philippine Star.
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