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US$30 mn WB facility to accelerate SL's shift to 70% renewables
Daily Mirror - Sri Lanka
|December 10, 2025
Sri Lanka has signed a US$ 30 million financing agreement with the International Development Association (IDA) of the World Bank to upgrade grid infrastructure and accelerate renewable energy integration under the Secure, Affordable, and Sustainable Energy for Sri Lanka Project, the Treasury said on Monday.
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The agreement was signed on December 3 by Treasury Secretary Dr. Harshana Suriyapperuma and World Bank's Division Director for Maldives, Nepal and Sri Lanka David N. Sislen.
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