Pitching for Dollars

The Sri Lankan government is trying to access US$ 248.0 mn from the Millennium Challenge Account (MCA) to finance a cluster of development projects valued at US $ 977.7 mn. The Sri Lankan government is trying to access US$ 248.0 mn from the Millennium Challenge Account (MCA) to finance a cluster of development projects valued at US $ 977.7 mn. The government is hoping to partially finance a cluster of 12 projects in the areas of irrigation, rural roads, water supply and sanitation, rural electrification and SME development, through the MCA.

The proposals include setting up a low cost coal power station in Trincomalee harbour at US$ 450.0 mn.

The government is requesting for US$ 20.0 mn under MCA assistance while the balance US$ 430.0 mn is expected to come from State and other sources.

The coal power plant is listed under rural electrification plans that extends to two other projects that add up to US$ 50.0 mn with US$ 23.7 mn expected from the MCA.

These two projects are aimed at electrifying poorer, less developed areas and increasing electricity supply from other existing hydro and thermal power plants and also renewable sources

Under irrigation