The signing of the agreement for the $150 million loan approved by the Asian Development Bank to the Ceylon Electricity Board in November was held on December 19, 2024.
Preliminary discussions were held last October to provide this loan to the Ceylon Electricity Board through the Government of Sri Lanka.
Through these projects, a number of essential projects are planned to be implemented to improve the stability of the country’s electricity system.
Furthermore, a number of essential transmission line projects are also scheduled to be constructed through this loan to integrate the large-scale renewable projects to be built in the country into the system.
The project summary is as follows
· Construction of 6 new grid substations
· Construction of 87 km long 132 transmission lines
· 45 km long 132 transmission lines Construction of 220 transmission lines
· Capacity expansion of two existing grid substations
The Ceylon Electricity Board and its subsidiary, Ceylon Electricity (Private) Limited, distribute electricity to 7.5 million customers.
The Ceylon Electricity Board’s transmission network, which connects the distribution system and power plants, consists of 3400 km of transmission lines and 90 grid substations.
– Media unit