The Asian Development Bank (ADB) said on Monday it has approved a USD-200-million loan to modernise Sri Lanka’s power sector infrastructure, improving network reliability and supporting renewables integration.
“By expanding and modernising infrastructure and incorporating digitalisation solutions, this project will support the government’s goal of increased integration of renewable energy in the electricity mix, reduce power interruptions, and minimise transmission and distribution losses,” said ADB country director for Sri Lanka Takafumi Kadono.