Srilanka, June 22 -- The World Bank Group yesterday approved a new US$ 150 million program to support Sri Lanka's move towards clean, reliable, and affordable energy. The program-Secure, Affordable, and Sustainable Energy for Sri Lanka-will support the country to reduce its reliance on expensive fossil fuel imports and accelerate its shift toward solar and wind.

"This program will help deliver clean, affordable electricity to families and businesses across Sri Lanka," said World Bank Division Director for the Maldives, Nepal and Sri Lanka, David Sislen. "We are excited to work with both the Government and private sector to make this shared vision a reality."

The program will support new solar and wind energy projects that will add one ...