Sri Lanka, Dec. 10 -- The Government of Sri Lanka has arranged a loan of US$ 30 million from the International Development Association (IDA) of the World Bank Group to finance the implementation of the secure, affordable and sustainable energy for Sri Lanka Project.

The Financing Agreement for the operation was signed by Dr. Harshana Suriyapperuma, the Secretary to the Treasury, and David N. Sislen, the Division Director for Maldives, Nepal, and Sri Lanka of the World Bank Group, on behalf of the government and the IDA, respectively.

The Ministry of Finance stated that the grid capacity has been hindered the utilization renewable energy presenting significant technical challenges, therefore, the proposed project has been formulated to e...