POLAND GRANTED €30M FOR POWER PLANT

• Publisher: Elsevier Science
• Year: 2002
• Tongue: English
• Weight: 72 KB
• Volume: 2002
• Category: Article
• ISSN: 1359-6128
• DOI: 10.1016/s1359-6128(02)01204-1

✦ Synopsis

The Asian Development Bank (ADB) has approved two loans totalling the equivalent of US$130 million to fund new distribution lines and connections in rural Sri Lanka, as well as improve the existing network.

A project loan of US$70 million equivalent will be used to finance 600 rural electrification projects all over the country; provide or expand power supply in 820 villages housing 112 500 consumers; and strengthen Ceylon Electricity Board's distribution networks and provide transmission lines and substations.

The project is due for completion by December 2006.