Home | Financial | WB grants additional funds to develop local power sector

WB grants additional funds to develop local power sector

09 January, 2008 02:09:31 Editor
Font size: Decrease font Enlarge font

The World Bank has granted an additional sum of 4.4 Billion Rupees for enhancement of regenerative sources of power in Sri Lanka, taking in to consideration of the existing power generation projects. The funds are to be utilized for the development of solar and hydro electricity generation projects in rural remote areas. Around 60,000 homes will receive direct electricity facilities under the program.  The World Bank aid comes in the form of a loan without interest, and a grace period of 20 years to pay back.  An agreement in this regard was signed between the Sri Lankan Government and the World Bank took place at the Finance Ministry on Wednesday morning .    
This article has been read 5008 times
Add to: Add to your del.icio.us del.icio.us | Digg this story Digg | | | | | | | | | | | | |

Subscribe to comments feed Comments (0 posted):

total: | displaying:

Post your comment comment

Please enter the code you see in the image:

  • email Email to a friend
  • print Print version
  • Plain text Plain text
Tags
No tags for this article
Rate this article
0