The Asian Development Bank (ADB) has granted a $200m loan with a sovereign guarantee to the Ceylon Electricity Board to develop a 100MW wind park on Mannar Island in Sri Lanka’s Northern Province.
The project, expected to be completed in the end of 2021, will entail an investment of $256.7m. Ceylon Electricity Board will offer the remaining project funding of $56.7m.
The project will also involve the development of associated infrastructure including internal cabling and access roads, energy dispatch control centre, as well as reactors for managing voltage levels.
ADB principal energy specialist Mukhtor Khamudkhanov said: “The new Wind Power Generation Project will not only provide access to a clean and reliable power supply in Sri Lanka, but also create an environment for further wind power development through future public-private partnerships.
“Diversifying the country’s power generation through clean, renewable energy sources will improve the country’s energy security and environment.”