Sri Lanka to receive $200m ADB loan for 100MW windfarm

25 October 2017 (Last Updated October 31st, 2017 10:15)

Sri Lanka’s Ceylon Electricity Board is set to receive a $200m loan from the Asian Development Bank (ADB) to build a new 100MW windfarm on Mannar Island.

Image: Diversifying Sri Lanka’s power generation through clean, renewable energy sources will improve the country’s energy security and environment. Photo: courtesy of Asian Development Bank.

 

Sri Lanka’s Ceylon Electricity Board is set to receive a $200m loan from the Asian Development Bank (ADB) to build a new 100MW windfarm on Mannar Island.

ADB’s board of directors has approved the loan, which includes a sovereign guarantee from the Government of Sri Lanka.

The project will also see the development of farm infrastructure, including internal cabling and access roads, an energy dispatch control centre, and reactors to manage voltage levels.

The board will provide $56.7m to develop the $256.7 wind project, which is scheduled to be completed by the end of 2021.

“Diversifying the country’s power generation through clean, renewable energy sources will improve its energy security and environment.”

ADB principal energy specialist Mukhtor Khamudkhanov said: “The new windpower generation project will not only provide access to a clean and reliable power supply in Sri Lanka, but also create an environment for further windpower development through future public-private partnerships.

“Diversifying the country’s power generation through clean, renewable energy sources will improve its energy security and environment.”

Although the country’s electrification increased from 29% in 1990 to more than 99% in 2016, Sri Lanka is still struggling to meet growing demands for affordable and reliable supply.

Last year, thermal power accounted for two-thirds of Sri Lanka’s total power generation. The remaining third came from renewable sources, mostly from large hydropower facilities.

The country aims to increase the share of its nonconventional renewable energy generation to around 20% by 2020.