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Lanka signs USD 100M loan and USD 3M grant agreements with ADB
The Island
|December 06, 2025
The Government of Sri Lanka held discussions with the Asian Development Bank (ADB) to mobilise a policy-based loan, amounting to USD 100 million, to implement the Power Sector Reforms and Financial Sustainability Programme (Subprogram 2).
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This policy-based lending programme will support the establishment of independent and financially sustainable electricity utilities.
It will also support the streamlined and accelerated development of renewable energy sources for electricity generation under the reform areas, according to the Ministry of Finance, Planning and Economic Development.
The Ministry of Energy, in collaboration with the Ceylon Electricity Board, the Sri Lanka Sustainable Energy Authority, Lanka Electricity Company Pvt. Ltd., and the Public Utilities Commission of Sri Lanka, has successfully achieved all prepolicy actions related to Subprogram 2.
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