Promoting Increased Renewable Energy Deployment, Energy Efficiency, and Power System Resilience (ADB-55079-002)

  • South Asia
Geographic location where the impacts of the investment may be experienced.
  • Sri Lanka
Geographic location where the impacts of the investment may be experienced.
Specific Location
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Oct 14, 2021
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Democratic Socialist Republic of Sri Lanka
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 1.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Apr 9, 2022

Disclosed by Bank Oct 15, 2021

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According toi ADB, the transaction technical assistance (TA) facility will support the (i) deployment of renewable energy, (ii) interventions to improve energy efficiency and renewable energy penetration, (iii) identification of climate resilient investments, and (iv) increase in project readiness of pipeline projects and support its implementation. The TA will also provide support innovation in project design, project sustainability and transfer capacity through specific training and skills-building activities for ensuing projects and implementation support for ongoing projects as required. Initially, the TA facility will support:

(i) Climate Resilient and Sustainable Energy Transition Project,

(ii) Additional financing for Rooftop Solar Generation Project, and

(iii) Power System Reliability Strengthening Project.


Sri Lanka's energy sector performance has achieved a national electrification ratio of 99.6% (2018), up from 29% in 1990. However, the sector continues to struggle in meeting the growing demand due to high electricity generation cost emanating from increasing share of oil-fired thermal power in generation mix and inadequate level of power system reliability. The increasing share of oil-fired thermal generation poses a serious threat to the country's energy security and the environment. There is an urgent need to develop other clean energy sources in addition to hydropower, undertake loss reduction efforts, and improve the power system reliability.

The proposed TA will help the executing and implementing agencies to meet government and ADB financing requirements by supporting project preparation, improving project readiness, building capacity for implementation, and overall portfolio performance. This proposed TA will complement government agencies and build upon their strengths to develop and implement energy sector infrastructure projects in emerging areas. This TA supports the priorities of ADB Strategy 2030, namely: (i) tackling climate change; building climate and disaster resilience and enhancing environmental sustainability; (ii) accelerating progress in gender equality by supporting activities and trainings to facilitate gender sensitive workplace practices and project components in project design; and (iii) strengthening governance and institutional capacity. This TA is listed in the current Sri Lanka country operations business plan


Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.
Responsible ADB Officer Kolantharaj, Jaimes
Responsible ADB Department South Asia Department
Responsible ADB Division Energy Division, SARD
Executing Agencies
Ministry of Power and Renewable Energy
72 Ananada Kumaraswamy Mawatha
Colombo 07, Sri Lanka


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How it works

How it works