Sri Lanka’s ambitious community-based solar power generation programme has been revitalized with the financial infusion of US$50 million (Rs.8 billion) by the Asian Development Bank.
The loan agreement was signed by Finance Ministry Secretary Dr. R.H.S Samaratunge and ADB Resident Representative in Sri Lanka Sri Widowati today (Tuesday 18).
The aim of the project, launched in collaboration with the Sri Lanka Sustainable Energy Authority (SLSEA), the Ceylon Electricity Board (CEB) and the Lanka Electricity Company (Pvt) Ltd (LECO), is to “promote the setting up of small solar power plants on the rooftops of households, religious places, hotels, commercial establishments and industries”.
The ‘Rooftop Solar Power Generation Line of Credit Project’ will be implemented with a $50 million funding from the ADB, to encourage both households and industrialists to transfer to solar power, Finance Ministry officials said.
Within the next 3-year period, it is expected to invest around Rs. 50,000 million in the solar sector, through these loans schemes that come under the Enterprise Sri Lanka programme.
Concessionary loans up to Rs. 7.8 million will be provided for entrepreneurs to carry out rooftop solar power projects countrywide. (Bandula)
A Thai woman walking topless in Arugam Bay town has been arrested by the Police.
The UK government has unveiled a package of reforms to simplify imports from developing countries which allows for more garments manufactured in Sri Lanka to enter the UK tariff-free.
The Cabinet has approved a proposal for Sri Lankans overseas to apply for their passports through an online system via the Lankan diplomatic missions.
Ajith Gallage, the owner of a Bird Park in Nagarawawa, Hambantota, has been remanded over allegations of concealing illegally imported motorcycles, in a warehouse owned by him.
A passenger attempting to smuggle the largest quantity of gold of 35 kilo grams was arrested by the Customs at the Bandaranaike International Airport (BIA) today, a senior official said.
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