Sri Lanka

This will support the development and commissioning of a 220kV single-circuit underground cable system.

The country eyes for 70% renewable energy generation in five years.

The budget will fund solar and wind projects.

The funding will finance key projects, including renewable energy.

This will support promotion of more RE projects.

Half of the country’s generation last year came from thermal power.

Payments to independent power producers are not affected.

Another $1m technical assistance will also be granted. 

Sri Lanka identified six potential sites for its inaugural nuclear power plant.

The agreement was signed for the JV between NTPC Limited and Ceylon Electricity Board.