ADB to fund Sri Lanka’s CEB for a 100 MW wind farm development

The Asian Development Bank has agreed to provide a $200 million loan with sovereign guarantee to the Ceylon Electricity Board (CEB) for the development of a 100 MW wind park in Sri Lanka. It is reportedly the first 100 MW wind farm in the country, and is estimated to contribute to the country’s 2020 renewable energy target significantly. It will be located in Mannar Island in the Northern Province. The CEB will invest $56.7 million in the $256.7 million project.