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)
The Judicial Service Commission (JSC) has interdicted Colombo Fort Magistrate Kosala Senadheera.
Mr. Ali Sabri Rahim, a Member of Parliament (MP) for Puttalam District whom an open warrant had been issued, attended a public ceremony at Al Aksha National School in Kalpitiya today (16) as the special guest of honor.
The Supreme Court today refused interim relief in an application filed by President’s Counsel Senaka Walgampaya seeking an Order from the Supreme Court compelling the President to appoint judges to fill the existing vacancies in the Court Of Appeal.
Gazette on new speed limit regulations to be issued within two weeks
Two underworld criminals wanted for multiple crimes, including murder, were brought from Dubai to Sri Lanka, today (12).
Acting Attorney General Parinda Ranasinghe, was appointed as the Attorney General of Sri Lanka a short while ago.
Leave Comments