SL gets US $ 100mn Indian credit line for solar power generation

16 June 2021 03:51 pm Views - {{hitsCtrl.values.hits}} 2 Bookmark

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Sri Lanka inked a loan agreement amounting to US$ 100 million with India earlier today to increase the proportion of renewable energy sources to the national grid.

In an effort to fulfil the agenda listed in the National Policy Framework, which is to increase the contribution of renewable energy sources to the national power grid by enhancing solar power generation, Sri Lanka has entered into a bilateral loan agreement with India.

India will grant a line of credit via the Exim Import Bank of India.

Comments - 2

vijay Thursday, 17 June 2021 10:57 PM

great news but for us

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See E Bee Wednesday, 23 June 2021 10:19 PM

Will this be only used for larger concentrated projects benefiting larger national load centers through the national grid or will this also enable smaller dispersed projects more efficiently serving local consumers with less distribution losses, thus be more cost effective?

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