Sri Lanka, Dec. 5 -- The Government of Sri Lanka held discussions with the Asian Development Bank (ADB) to mobilize a policy-based loan amounting to USD 100 million to implement the Power Sector Reforms and Financial Sustainability Program (Subprogram 2).

This policy-based lending program 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, Sri Lanka Sustainable Energy Authority, Lanka Electricity Company ...