Green Power Development and Energy Efficiency Improvement Investment Program - Tranche 1 (ADB-47037-004)

Countries
  • Sri Lanka
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
A
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jul 29, 2014
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Ministry of Power and Renewable Energy
The holder of the loan, grant, or other investment.
Sectors
  • Energy
  • Hydropower
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 150.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ ADB website

Updated in EWS Oct 2, 2017

Disclosed by Bank Mar 10, 2017


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Project Description
This project increases the generation capacity of the hydropower generator, the transmission capacity to 6400 MW, and the aggregate base load capacity of 2000 MW from three coal-fired plants. It also increases nonconventional renewable energy sources and reduces losses in the energy network.
Investment Description
  • Asian Development Bank (ADB)
The funding for this project comes from: ADB: US$ 29 million ADB: US$ 121 million Agence Francaise de Developpement: US$ 30 million
Contact Information
Ministry of Power and Renewable Energy SECREPEN@SLTNET.LK 72 Ananada Kumaraswamy Mawatha Colombo 07, Sri Lanka ACCOUNTABILITY MECHANISM OF ADB The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main