Sri Lanka : Artificial Intelligence-Powered Microgrids to Enable a Futuristic and Reliable Distributed Renewable Energy System (ADB-57003-001)

Regions
  • South Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • Sri Lanka
Geographic location 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
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
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
Nov 23, 2023
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.
Borrower
Government of Sri Lanka
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services, Grant
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.
Grant 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.
Project Cost (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.
Bank Documents
Primary Source

Original disclosure @ ADB website

Updated in EWS Jan 15, 2024

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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.

As stated by the ADB, this knowledge and support technical assistance (TA) aim to develop an artificial intelligence (AI) framework for microgrids that will pave the way for seamless integration of distributed renewable energy (DRE) systems in the distribution network and implement a pilot project that will demonstrate the working model of an AI-enabled microgrid and its benefits to the consumers and power system. Integration of AI in power grid works by utilizing large amounts of data to identify correlations and patterns to devise conclusions which will assist in detecting anomalies and predict the occurrences of such events in advance. Thus, this proposal will provide a framework for application of AI which will enable the integration of more DREs in the grid without compromising grid stability, while improving social inclusiveness in the energy sector through direct consumer participation. This TA will showcase the impact of AI powered grid management systems in Sri Lankan power sector, which has the potential to attract possible private investments in the DRE and AI power management sector. The government of Sri Lanka requested TA support for capacity development and knowledge transfer from Asian Development Bank (ADB) on 27 June 2022.

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

According to the ADB, the funds for the project will be provided by the Clean Energy Fund under the Clean Energy Financing Partnership Facility.


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.

ADB Team Leader:

Jaimes Kolantharaj - Senior Energy Specialist

No contacts provided at the time of disclosure.

Executing Agency - Ministry of Power and Energy:

Address: 80 Sir Ernest De Silva Mawatha, Colombo 07, Sri Lanka
Phone: (+94) 112370033 
Fax: (+94) 112375163
Website: http://energymin.gov.lk/web/index.php/en/

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.adb.org/forms/request-information-form

ADB has a two-stage appeals process for requesters who believe that ADB has denied their request for information in violation of its Access to Information Policy. You can learn more about filing an appeal at: https://www.adb.org/site/disclosure/appeals

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.

How it works

How it works