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Saturday, 22 November 2014 - 20:45
ADB and government sign agreement for clean energy loan
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The Asian Development Bank and the government yesterday signed the first tranche loan agreement of a two-part 300 million dollar loan to scale up the use of clean energy and cut the country's reliance on costly petroleum oil for electricity generation.

The program supports Sri Lanka's wider energy investment road map, including its plan to increase the share of grid power generated from non-conventional renewable energy sources, such as mini-hydropower, wind power, and solar power, to 20 percent of the total by 2020.
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