Sri Lanka seals US$ 22mn EU, Japan grants with ADB loan for rooftop solar pushThe Sri Lankan Government has secured US 35 million concessional loan from the Asian Development Bank (ADB), to modernise the electricity grid and expand rooftop solar power.The grants include €15.4 million (US16.94million)fromtheEUandUS5.5 million from Japan. EU funding will support 25 MW of rooftop solar capacity, with 20 MW in Electricity Distribution Lanka (EDL) areas and 5 MW in Lanka Electricity Company (LECO) areas.The electricity generated will be credited to the bills of small and medium-sized businesses that cannot install their own solar systems. Around 600,000 small businesses and organisations could benefit from the programme.The EU grant will also finance a renewable energy training facility expected to train at least 100 students from low-income families each year.Most project spending will focus on modernising the electricity grid. The upgraded network is expected to accommodate around 500 MW of additional renewable energy capacity.The Japanese grant will support LECO through battery storage systems and low-loss conductors. The solar installations are expected to be completed between 2027 and 2028, while the overall project will continue until 2030 across the country.Source: Daily Mirror                                                                                                                              Date: 05.10.2026 (ICE NEW DELHI)

Fonte notizia: Daily Mirror