Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Submit Post
Submit Post

Latest topics

» BFN ගනු දෙනුව වෙනවා ..
by aklt Today at 11:12 am

» රැවටෙන්න එපා ..විකුන්නන එපා ..ණයට ගන්න එපා .BFN - JINS එකතු කරන්නා හෙට දිනනනවා
by Gambino7 Today at 9:45 am

» SRI LANKA @ 2020
by ruwan326 Today at 9:36 am

» Financial Reports Q-3 2018
by ruwan326 Today at 9:26 am

» ##FUN TOONS###
by ruwan326 Today at 9:14 am

» CROSSINGS TODAY
by ruwan326 Today at 9:08 am

» Daily Foreign Transactions
by ruwan326 Today at 9:02 am

» NDB declared ‘Bank of the Year’ by The Banker, UK
by ruwan326 Today at 8:41 am

» NDB wins Banking Sector National Business Excellence Award 2018
by MarketWch Yesterday at 5:33 pm

» Market will RISE expecting a MR Led new government
by samaritan Yesterday at 1:52 pm

» CSE THIS WEEK
by ruwan326 Yesterday at 11:37 am

» Summary of Key Announcements during the week
by ruwan326 Yesterday at 11:25 am

» No worries about BFN Deal .i
by ruwan326 Yesterday at 11:21 am

» CSE WEEKLY
by ruwan326 Yesterday at 11:13 am

» FOREIGN NEWS
by ruwan326 Yesterday at 11:10 am

» Dealing by directors
by ruwan326 Yesterday at 10:55 am

» ALHP WILL MOVE UP from next MONDAY
by aklt Yesterday at 10:47 am

» ඔරියන්ට් ෆ්යිනැන්ස් -විකිනීම ස්තිරයි - අද ද අයිලන්ඩ් පුවත් පත බලන්න 2020 වෙනකම් පුලුවන් නම් තියා ගන්න - අදහා ගන්න බැරි ආදායමක් ලබන්න
by ruwan326 Yesterday at 10:33 am

» @RANFERDI, YAhapalan, In which list are you? Puravesi Lithro List, or Kiriella List or other list
by ranferdi Yesterday at 9:06 am

» #PM Crisis#
by ranferdi Yesterday at 9:05 am

» Stocks don’t go up and stay up because of stories, tips, or people’s opinions
by ruwan326 Yesterday at 9:00 am

» FINANCIAL INSTITUTIONS IMPAIRMENT COST
by Yahapalanaya Sat Dec 08, 2018 11:10 pm

» MONTH PEACE & HAPPINESS
by Ryan Hudson Sat Dec 08, 2018 6:40 pm

» JINS NO DEAL YET - BFN IS ON AND POSITIVE -CHECK THE COMPNAY ANNOUNCEMENT CAREFULLY - NO NOTHING ABOUT BFN
by kalu351 Fri Dec 07, 2018 10:03 pm

» Will ALHP be eliminated from the CSE?
by wisdom79 Fri Dec 07, 2018 8:41 pm

» Is TKYO.N0000 a Sleeping Giant
by aklt Fri Dec 07, 2018 7:52 pm

» FINALY – BFN – TAKE OVER NEWS IS OUT OFFICIALY -DONT SELL BELOW 20 TRY TO BUY AT CURRENT 15-17 LEVELS
by Equity Suda Fri Dec 07, 2018 12:57 pm

» PLAYERS PICK OF THE DAY
by ruwan326 Fri Dec 07, 2018 7:39 am

» JINS – LIFE FOR SALE – ALONG WITH BFN - BUY BUY BUY
by kalu351 Thu Dec 06, 2018 2:49 pm

» JINS – DON’T BUY BEYOND 30 – DEAL IS AT 30 BFN - BUY BELOW 22 – DEAL IS AT 25
by kalu351 Thu Dec 06, 2018 2:47 pm

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » ADB approves USD115mn loan for power sector in Sri Lanka

ADB approves USD115mn loan for power sector in Sri Lanka

Go down  Message [Page 1 of 1]

fireshelter

avatar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
The Asian Development Bank (ADB) has approved a loan of 115 million US dollars and 3.8 million in grants  to help Sri Lanka achieve 100 percent electrification and improve the reliability of electricity supply, a statement said.
“Sri Lanka’s national electrification rate has gone from 29 percent to 98 percent  in the space of 25 years, but some areas particularly in former conflict-affected zones and on small isolated islands still struggle with an unreliable power supply,” said Mukhtor Khamudkhanov, an ADB Principal Energy Specialist.
“Small island communities are forced to use expensive, inefficient diesel generation sets that deliver only intermittent electricity supplies. The project will help meet the needs of areas that have been missing out through upgrades to the medium voltage network, the rollout of over 2,300 kilometers of low voltage line extensions, and the construction of hybrid renewable energy mini-grids.”
The grants comprise 2 million US dollars  from the Japan Fund for Poverty Reduction and 1.8 million US dollars from the Clean Energy Fund under the Clean Energy Financing Partnership Facility, a multi-donor facility administered by ADB.
The project will run for 5 years with an expected completion date in September 2021.
Hybrid renewable energy systems using a combination of wind, solar and efficient diesel generation, along with the installation of energy-storing long life lithium-ion batteries will provide a reliable electricity supply for communities on three isolated islands in the Jaffna area of the Northern Province (Analativu, Delft, and Nainativu).
A renewable energy micro-grid will also be installed in Western Province.
To upgrade the existing medium voltage network, new lines and associated equipment will be installed, while the rural electrification network will be extended with thousands of kilometers of low voltage lines put in place to connect households to the national grid, and thousands of distribution meters with a remote reading facility installed.
The project includes a micro-grid pilot scheme, financed by the Clean Energy Fund, which will demonstrate cost-effective management of power resources and reduce the burden on the national grid. It is the first time this concept is being trialed in Sri Lanka. The assistance from Japan will be used to help train rural community members on the safe use of electrical equipment and on potential livelihood opportunities arising from reliable power supplies.  Local community members will also be tapped to work in maintenance teams to carry out basic repairs and to operate and maintain the hybrid systems.
Improvements to the medium voltage network, meanwhile, will enhance the quality and reliability of electricity supplied to more than 493,000 customers, while the rural upgrades will help deliver reliable electricity to over 35,700 rural households.

Bullrunner7

avatar
Manager - Equity Analytics
Manager - Equity Analytics
Good for ACL

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum