Japan provides Rs. 27 bln for National Transmission and Distribution Network
View(s):The Government of Japan is providing a loan of Japanese Yen 24,930 million (approximately Rs.27.4 billion) to Sri Lanka towards the National Transmission and Distribution Network Development.
An agreement for this purpose was signed between Japanese Foreign Minister Fumio Kishida and Sri Lankan Foreign Minister Mangala Samaraweera last Friday the latter’s visit to Tokyo.
In a media release, the Japanese embassy said the project intends to increase the steady electricity supply through expanding and improving the efficiency island – wide in transmission and distribution lines and thereby facilitate the economic growth of the country. Under the project, the existing transmission and distribution system will be developed by introducing low – loss power transmission and distribution lines and by constructing new substations in the areas of Western province including Greater Colombo, Central province and North central province.