SL gets $ 30 m World Bank loan to boost renewable energy, grid capacity
- CNL Reporter
- December 11, 2025
- News, Political
- renewable ener, Sri Lanka, World Bank
- 0 Comments
Proposed World Bank payment guarantee facility in the offing to scale up private investment in renewable energy projects
Sri Lanka has secured a $ 30 million loan from the International Development Association (IDA) of the World Bank Group to support the implementation of the Secure, Affordable, and Sustainable Energy for Sri Lanka Project, a key initiative aimed at accelerating the country’s transition to renewable energy.
The financing agreement was signed on 3 December 2025 by Treasury Secretary Dr. Harshana Suriyapperuma and World Bank Division Director for Maldives, Nepal and Sri Lanka, David N. Sislen, representing the Government of Sri Lanka and the IDA, respectiely.
A statement issued by the Finance Ministry External Resources Department noted that Sri Lanka’s current grid capacity has become a major constraint in integrating additional renewable energy, posing significant technical challenges.
