News
ADB funding for CEB to the tune of USD 150 mn
The CEB has received USD 150 mn loan from the ADB to carry out several essential projects in its long-term transmission plan over 2025-2027, CEB spokesperson Eng. A.D.K. Parakramasinghe said yesterday (19).
The official said that proposed projects were meant to improve the overall reliability and stability of the grid. “Transmission assets built through this loan will enable the integration of planned large-scale renewable energy developments to the national grid,” he said.
According to him, the financing would support construction of 6 new grid substations, construction of 87 km of 132 kV transmission lines, construction of 45 km of 220 kV transmission lines and augmentation of 2 existing grid substations.
CEB and its distribution subsidiary Lanka Electricity Company (LECO), serve over 7.5 million electricity customers, through CEB’s transmission network comprising 3400 km of high voltage lines and 90 grid substations, Parakramasinghe said.