ADB loans Sri Lanka $150M to boost electricity grid, supporting renewable energy integration.

The Asian Development Bank (ADB) signed a $150 million loan agreement with Sri Lanka's Ceylon Electricity Board (CEB) to fund transmission projects. The loan, approved in November 2024, will support the construction of six new grid substations, 87 km of 132 kV transmission lines, and 45 km of 220 kV transmission lines. It will enhance grid reliability and support the integration of renewable energy projects into the national grid.

December 19, 2024
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