Asian Development Bank (ADB) and Ceylon Electricity Board (CEB) signed an agreement on Thursday for the ADB to provide a loan of $150 million to the CEB. MORE..

Ada Derana

Sri Lanka

ADB extends $150 million line of credit to CEB

Agreements have been signed to obtain a loan of US $ 150 million from the Asian Development Bank for the projects of the Sri Lanka Electricity Board. Negotiations to obtain the loan were held last October. Through these loan projects, it is planned to improve the stability of the country's electricity system and implement a number of essential projects. Also, in the future, the expansion […] The post Asian Development Bank to provide $ 150 milli…

ආසියානු සංවර්ධන බැංකුවෙන් ලංකා විදුලි බල මණ්ඩලයේ ව්‍යාපෘතිවලට ඇමෙරිකා ඩොලර් මිලියන 150ක ණය මුදලක් ලබා ගැනීම සඳහා ගිවිසුම්වලට අත්සන් කර තිබෙනවා. ණය මුදල ලබා ගැනීම සඳහා සාකච්ඡා පැවැත්වුණේ පසුගිය ඔක්තෝබර් මාසයේදීයි. මෙම ණය ව්‍යාපෘති හරහා රටේ විදුලි පද්ධතියේ ස්ථායිතාව වැඩිදියුණු කිරීමට සහ අත්‍යවශය ව්‍යාපෘති ගණනාවක් ක්‍රියාත්මක කිරීමට සැලසුම් කර තිබෙනවා. එමෙන්ම ඉදිරියේ දී ව්‍යාප්ත වන […] The post ආසියානු සංවර්ධන බැංකුවෙන් විදුලි බල මණ්ඩලයට ඩොලර් මිලි…

ආසියානු සංවර්ධන බැංකුවෙන් විදුලි බල මණ්ඩලයට ඩොලර් මිලියන 150ක්

ITN News

Asian Development Bank provides $150 million to Sri Lanka Electricity Board

Media Bias/Fact Check

TV Derana

ECONOMYNEXT – State-run Ceylon Electricity Board said it had inked a 150 million dollar loan with the Asian Development Bank to upgrade its grid to accommodate more renewable energy, and boost stability. “Through these funds, several essential projects in CEB’s long-term transmission plan will be implemented over 2025-2027, which will improve the overall reliability and stability of the grid,” the CEB said in a statement. “Transmission assets bu…

EconomyNext

Sri Lanka’s CEB borrows US$150mn ADB loan to fix grid for renewables

Asian Development Bank (ADB) and Ceylon Electricity Board (CEB) signed an agreement on Thursday for the ADB to provide a loan of $150 million to the CEB.  ADB had approved the loan package in November 2024 after rigorous due diligence on technical, economic and social merits of CEB’s upcoming investment proposals.  “Through these funds, several essential projects in CEB’s long-term transmission plan will be implemented over 2025-2027, which will…

Lankaxpress

ADB extends $150 million line of credit to CEB - LankaXpress

The Asian Development Bank (ADB) and the Ceylon Electricity Board (CEB) have signed an agreement for a USD 150 million loan to support crucial projects aimed at enhancing the stability and reliability of Sri Lanka’s electricity grid. The signing ceremony took place today (December 19), with ADB’s Country Director for Sri Lanka, Takafumi Kadono and CEB General Manager, Ronald Comester, signing the agreement in the presence of Finance Ministry Sec…

ONLANKA News - Sri Lanka News - Latest Breaking News from Sri Lanka

ADB grants $150 million to boost Sri Lanka's power grid and renewable energy

ADB signs loan agreement with Sri Lanka for transmission projects Colombo, Dec 19 (IANS) The Asian Development Bank (ADB) signed an agreement with the Ceylon Electricity Board (CEB) on Thursday to provide $150 million for transmission projects in Sri Lanka, a statement from CEB said. The CEB said ADB approved the loan package in November 2024 after rigorous due diligence by ADB on the technical, economic and social merits of its upcoming investm…

ADB extends $150 million line of credit to CEB

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