India Offers $100 Million Line of Credit To Sri Lanka For Solar Projects
Colombo:
India has presented a Line of Credit score price $ 100 million to Sri Lanka for 3 sun initiatives within the nation, in keeping with an respectable remark.
India’s Prime Commissioner to Sri Lanka Gopal Baglay known as on Minister of Energy Dullas Alahapperuma and reiterated India’s dedication against a robust and multi-faceted bilateral partnership together with within the energy sector, the Indian venture stated in a remark.
They mentioned quite a lot of problems with mutual pastime together with techniques to expedite development on bilateral energy initiatives lately underneath dialogue between the 2 aspects.
The Indian envoy additionally passed over a duplicate of a letter conveying an be offering from India to Sri Lanka for a Line of Credit score (LoC) price $100 million for 3 sun initiatives introduced right through the World Sun Alliance Founding Convention held in March, 2018 in New Delhi, the remark stated.
The LoC will quilt financing for rooftop sun methods intended for 20,000 families and 1,000 executive structures all around the island. The blended technology capability of those rooftop methods will probably be about 60 MW, it stated.
The LoC may also supply financing for a floating solar energy plant. The implementation of the LoC will start with the belief of an LoC settlement between the 2 aspects, it stated.
The Indian Prime Commissioner conveyed that the $100 million LoC is in keeping with the nationwide priorities of India and Sri Lanka to make stronger the proportion of sun and renewable power in general power technology, the remark added.
