The Asian Development Bank (ADB) is to support the construction of a 100 MW wind farm in Sri Lanka with a $200 million loan.
Accrding to a report in the Modern Power systems website the wind farm, located in Mannar Island in the north of Sri Lanka, is considered to be the country’s first wind farm and is scheduled to start operations in 2021.
ADB will provide the Ceylon Electricity Board (CEB) with a $200 million loan for the $256 million project, which will help the country to meet its renewable energy goals. The project will also help CEB to establish procedures that will allow for further wind farm developments in the future, the report claimed.
ADB principal energy specialist Mukhtor Khamudkhanov said: “The new wind power generation project will not only provide access to a clean and reliable power supply in Sri Lanka, but also create an environment for further wind power development through future public-private partnerships.
“Diversifying the country’s power generation through clean, renewable energy sources will improve the country’s energy security and environment.”
Sri Lanka generates around two-thirds of its electricity from coal and oil. It has a target of generating at least 20 per cent of its power from renewable resources by 2020.
You can share this post!
Content
Kasun, was born in 28th Sept 1964, the grandson of the legendary author and linguist Munidasa Cumaratunga and son of SSP Bindu Kumaratunga and Winifred
The Inland Revenue Department (IRD) backed by the Excise and Customs Department today launched a fresh drive to collect taxes including some Rs.780 billion listed as ‘collectable defaults’.
Former Sports Minister Mahindananda Aluthgamage and former Sathosa Chairman Nalin Fernando have sentenced to 20 and 25 years respectively after they were found guilty in a case of fraud.
The Supreme Court today unanimously dismissed a Fundamental Rights petition filed by five convicts in the 1996 Krishanthi Kumaraswamy abduction, rape, and murder case.
Leave Comments