Business Times

ADB, Japan to help Sri Lanka in power sector

The Asian Development Bank (ADB) and the Government of Japan will provide assistance to Sri Lanka to improve the nation's power transmission system and to expand rural electrification, and thus will contribute toward the government's goal of widening public access to electricity services from 80% to 98% by 2016, the bank said this week.

The Sustainable Power Sector Support technical assistance (TA) project is funded by the Government of Japan through the Japan Special Fund (JSF) that is administered by ADB. The JSF is extending a grant of $ 800,000 for the project while the Sri Lankan government will provide $200,000 in kind contribution for TA implementation.

“The technical assistance will utilize low-cost design and comprehensive feasibility studies for strengthening transmission system in the Southern, Eastern, and Northern parts of the country. It will also address rural electrification improvements including in the Eastern province," said Mukhtor Khamudkhanov, Senior Energy Specialist of ADB’s South Asia Department.

Richard Vokes, Country Director of ADB's Sri Lanka Resident Mission, said power sector development is critical to Sri Lanka's post war development. “We hope this project will lend strong support to the government in addressing a number of urgent priorities in the power sector, particularly in driving crucial improvements in energy efficiency, reliability and access to meet the country's rapidly growing demands," he said.

Top to the page  |  E-mail  |  views[1]
SocialTwist Tell-a-Friend
 
Other Business Times Articles
Over 1000 companies to lose VAT refunds
BAM Holdings looks to nanotechnology
SEC concerned over ERI African investment
IMF mission discusses 3rd tranche
SriLankan wants autonomy to restructure
SEC disclosure directives welcomed by share market community
GSP+ suspension by July
Comment - GSP+ loss not unexpected
Jaffna may have the spoils, but it may not be the true picture
Overseas migration: Judgement under uncertainty and the role of luck
7 ICT staff accredited as Project Management Professionals
New milk product launched by Fonterra
DCSL seeking Treasury clarification on Insurance Corporation issue
Ceylon Tea Trails wins top travellers’ awards
Ceylon Tea Brokers IPO oversubscribed by 10 times
Workplace psychology discussion at the ST Business Club
Forex reserves continues at $5.3 billion by end 2009 -CB
PC House felicitates staff
NDB Bank increases net profit
Strong occupancy levels at hotels
Corporate software piracy 'main culprit' for Sri Lanka
CB warns of gold sale scams
NTB on shareholder warrants
SriLankan ladies retain local charm
Munchee Tikiri Shishyadara Programme helps children of prisoners
Tigo Sales Diploma expands to the South
Private sector credit increasing
ACCA Sustainability Reporting awards on Feb 25
SafeNet felicitates Epic Lanka
Plantation children get free dental care
LOLC will not see interest rate decline benefits next quarter
DFCC Bank credit quality improving
Political cronyisms undermine professional dignity of Sri Lankan academics
Virtusa reports strong growth
Silver metal at concessionary prices
ADB, Japan to help Sri Lanka in power sector
Ceylon Hospitals profit down
SLIC partners with premier vehicle agents
Scheme to enhance languages’ proficiency of CB officers
"HR Battles on a hot seat"
Julian Bolling endorses Isotonic Lime Blast
Richard Pieris Tyre Company appraises its authorized tyre dealers in the WP
The 4 A's gears up to meet the challenges ahead
New Chief Executive Director appointed at Sadaharitha Group
Corporate Partners 2010: Elevating Professional Excellence with CIMA
Keells Hotels expanding, seek funds from shareholders
Tokyo Cement revenue and cost may rise
CCC mission to Bangladesh
Indian experts to share their views at Sri Lanka Telecom Summit
NAMAL Acuity Value Fund realises net gain of Rs 58.7 mln in 3rdQ
Piramal’s market leadership to help sustain profits
Global architects urged to come up with innovative solutions
US-Sri Lanka education investment seminar fair in October
The Finance Company posts large losses
Aeturnum Lanka wins Microsoft FAST Search award

 

 
Reproduction of articles permitted when used without any alterations to contents and a link to the source page.
© Copyright 2010 | Wijeya Newspapers Ltd.Colombo. Sri Lanka. All Rights Reserved.| Site best viewed in IE ver 6.0 @ 1024 x 768 resolution