The Asian Development Bank (ADB) has approved a $150 million loan facility to the Ceylon Electricity Board (CEB) to support critical projects under its long-term transmission plan.
An agreement formalizing the loan was signed yesterday (19), following ADB’s rigorous evaluation of the technical, economic, and social viability of CEB’s proposed investments. The loan package received ADB approval in November 2024, according to a statement from CEB.
The funding will enable the implementation of several vital projects from 2025 to 2027, aimed at enhancing the reliability and stability of Sri Lanka’s power grid. Additionally, these transmission assets will facilitate the integration of large-scale renewable energy developments into the national grid, aligning with the country’s sustainable energy goals.
Key initiatives under this loan include:
- Construction of six new grid substations.
- Installation of 87 km of 132 kV transmission lines.
- Development of 45 km of 220 kV transmission lines.
- Upgrading two existing grid substations.
The projects are expected to strengthen Sri Lanka’s energy infrastructure and support its transition to a more sustainable and efficient power system.
