Sri Lanka to implement tranche 2 of green power development program.

Byline: LBO

Oct 18, 2018 (LBO) - Sri Lanka plans to implement the tranche 2 of the green power development and energy efficiency improvement investment program.

The program includes three major components; transmission infrastructure enhancement, efficiency improvement of medium voltage network and demand-side management improvement for energy efficiency.

Accordingly, Secretary of the Finance Ministry Dr. R H S Samaratunga, Country Director of French Agency for Development (AFD) Sri Lanka Resident Mission Martin Parent signed a credit facility agreement for the loan.

French Agency for Development will provide 30 million Euros loan to finance a part of the total project cost and they have already provided financing of 22 million Euros for the implementation of tranche 1 of the programme.

The total cost of this project is estimated at 260 million US dollars and the Asian...