USD 50Mn from ADB to support Enterprise Sri Lanka’s rooftop solar power project

Sept 19, 2018 (LBO) – The Enterprise Sri Lanka projects which was launched by the Ministry of Finance has received Rs 8 billion (  USD 50 Million) from the Asian Development Bank for the rooftop solar power generation project.

The main objective of this project is to support government’s “Battle for Solar Power Programme” to achieve the target of 200 MW by 2020 and 1000 MW by 2025 through solar power generation.

Clean and sustainable power generation will be enhanced through the proposed project by increasing debt facilities and funding for the rooftop solar power generation, developing solar rooftop market infrastructure and bankable subproject pipeline.

It is expected to add 50 MW to the national grid under this project.

The loan agreement in this regard was signed by Dr. R H S Samaratunga, Secretary, Ministry of Finance and Mass Media and Ms. Sri Widowati, Country Director of ADB Sri Lanka Resident Mission Tuesday.