Sri Lanka will receive a 200 million USD loan from ADB to develop the energy sector

Sri Lanka's Cabinet has accepted a proposal to sign two agreements with the Asian Development Bank (ADB) to strengthen its electricity system and the integration of renewable energy projects, according to a statement from the government's information ministry on Tuesday. ADB has agreed to provide $200 million in two separate loans -- $150 million and $50 million -- to the Ceylon Electricity Board and Lanka Electricity (Pvt) Ltd., respectively, under two treasury guarantee agreements . 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