Sri Lanka : Rooftop Solar Power Generation Project
To increase solar power generation and speed up implementation of the Battle for Solar Energy program, the Government of Sri Lanka requested ADB to provide a credit line that would enable institutional and domestic customers to finance installation of solar rooftop PV generation facilities. Technical and commercial frameworks will be improved to encourage the development of solar renewable resources that would add value in developing solar rooftop installations. The credit line will provide the required financing with preferential terms that will stimulate solar rooftop generation development. As part of the project, technical guidelines and standards for solar rooftop systems will be established.
Project Details
-
Project Officer
Haputhanthri, Dinuk P.
South Asia Department
Request for information -
Country/Economy
Sri Lanka -
Modality
-
Sector
- Energy
- Project Name
- Rooftop Solar Power Generation Project
- Project Number
- 50373-002
- Country / Economy
- Sri Lanka
- Project Status
- Closed
- Project Type / Modality of Assistance
- Loan
- Technical Assistance
- Source of Funding / Amount
-
Loan 3571-SRI: Rooftop Solar Power Generation Project Source Amount Ordinary capital resources US$ 50.00 million TA 9389-SRI: Implementation Support to the Rooftop Solar Power Generation Project Source Amount Asian Clean Energy Fund under the Clean Energy Financing Partnership Facility US$ 1.00 million TA 9389-SRI: Rooftop Solar Power Generation Project Source Amount Clean Energy Fund under the Clean Energy Financing Partnership Facility US$ 250,000.00 - Strategic Agendas
- Environmentally sustainable growth
- Inclusive economic growth
- Drivers of Change
- Gender Equity and Mainstreaming
- Governance and capacity development
- Knowledge solutions
- Partnerships
- Private sector development
- Sector / Subsector
Energy / Renewable energy generation - solar
- Gender
- Some gender elements
- Description
To increase solar power generation and speed up implementation of the Battle for Solar Energy program, the Government of Sri Lanka requested ADB to provide a credit line that would enable institutional and domestic customers to finance installation of solar rooftop PV generation facilities. Technical and commercial frameworks will be improved to encourage the development of solar renewable resources that would add value in developing solar rooftop installations. The credit line will provide the required financing with preferential terms that will stimulate solar rooftop generation development. As part of the project, technical guidelines and standards for solar rooftop systems will be established.
The outputs of the project include: (i) debt funding for the solar rooftop power generation increased, (ii) solar rooftop market infrastructure and bankable subproject pipeline developed; and (iii) capacity and awareness of stakeholders, including the Central Bank of Sri Lanka, participating financial institutions (PFIs), commercial and domestic sector customers, increased.
These outputs will result in the following outcome: clean, sustainable power generation enhanced. The project will be aligned with the following impact: access to clean and reliable power supply in Sri Lanka enhanced by 2020 (Sri Lanka Energy Sector Development Plan for a Knowledge Based Economy 20152025).
- Project Rationale and Linkage to Country/Regional Strategy
Sri Lanka has improved its energy sector performance and achieved a national electrification ratio of 98.5% in 2015 compared with 29% in 1990. However, high dependence on expensive fossil fuel energy continues. Sector challenges include meeting growing demand for electricity at a low cost and acceptable reliability, and attaining long-term sustainability. The high share of thermal power in the generation mix (51% in 2015, including 17% of oil-fired and 34% of coal-fired generation) creates a high cost base and is not a viable and sustainable solution for energy security and environment protection in the long term. Diversification to renewable energy sources, such as wind and solar energy, will improve the country's energy security and the environment. The Government of Sri Lanka aims to ensure sustainable development of indigenous energy resources and encourage development of renewable energy sources. The government objectives include, among others, increasing the share of energy supply from nonconventional renewable energy sources to 20% by 2020. The 20% increase in power generation from nonconventional renewable energy sources will add to 37% (2015) of conventional hydropower generation and will ensure that a substantial portion of electricity is produced by clean energy sources in the future. Sri Lanka's Nationally Determined Contributions target reducing Green House Gas emissions against business-as-usual scenario (base year 2013) by 20% (4% unconditionally and 16% conditional) in the energy sector through renewable energy development and energy efficiency improvement.
The proposed project will contribute to the government's goal of expanding access to electricity, developing sustainable clean energy and improving the power generation mix in the country. It will support the government program of increasing clean power generation from solar energy. The project is consistent with the interim Country Partnership Strategy for Sri Lanka of the Asian Development Bank (ADB). It builds on previous ADB interventions focused on supporting transmission and distribution investments to expand access to clean and reliable electricity, and renewable energy development.
- Impact
Access to clean and reliable power supply in Sri Lanka increased by 2025
Project Outcome
- Description of Outcome
Clean power generation enhanced.
- Progress Toward Outcome
- The project loan L3571 (Original amount $50.00 million) was approved on 26 September 2017, and was signed on 18 September 2018 and effective on 25 September 2018. The Project provides long-term debt financing for installation of rooftop solar PV power generation systems in Sri Lanka. The credit line is managed by the Department of Development Finance, Ministry of Finance, Economy, and Policy Development (MoF). Funds are channeled to the beneficiaries through selected Participating Financial Institutions (PFI). Technical support provided by Sri Lanka Sustainable Energy Authority (SLSEA), CEB and LECO. Project website was launched, www.rooftopsolar.lk which includes a solar PV calculator as a guide to potential residential customers. As of today the total disbursed is $50 million.
Implementation Progress
- Description of Project Outputs
Debt funding for the rooftop solar power generation increased.
Rooftop solar market infrastructure and bankable subproject pipeline developed.
Capacity and awareness of stakeholders, including the MOFMM, PFIs, and commercial and domestic sector customers, increased.
- Status of Implementation Progress (Outputs, Activities, and Issues)
Achieved 70.92 MW
- Geographical Location
- Nation-wide
Safeguard Categories
- Environment
- FI-C
- Involuntary Resettlement
- FI-C
- Indigenous Peoples
- FI-C
Summary of Environmental and Social Aspects
- Environmental Aspects
- Not Applicable
- Involuntary Resettlement
- Not Applicable
- Indigenous Peoples
- Not Applicable
Stakeholder Communication, Participation, and Consultation
- During Project Design
- During Project Implementation
Business Opportunities
- Consulting Services
- not applicable
- Procurement
- not applicable
Contact
- Responsible ADB Officer
- Haputhanthri, Dinuk P.
- Responsible ADB Department
- South Asia Department
- Responsible ADB Division
- Sri Lanka Resident Mission (SLRM)
- Executing Agencies
-
Ministry of Finance, Economic Stabilization and National Policies
Timetable
- Concept Clearance
- 17 May 2017
- Fact Finding
- 16 May 2017 to 26 May 2017
- MRM
- 25 Jul 2017
- Approval
- 26 Sep 2017
- Last Review Mission
- -
- Last PDS Update
- 16 Dec 2022
Funding
Loan 3571-SRI
| Approval | Signing Date | Effectivity Date | Closing | ||
|---|---|---|---|---|---|
| Original | Revised | Actual | |||
| 26 Sep 2017 | 18 Sep 2018 | 25 Sep 2018 | 30 Jun 2022 | - | 30 Jun 2022 |
| Total (Amount in US$ million) | |
|---|---|
| Project Cost | 59.80 |
| ADB | 50.00 |
| Counterpart | 9.80 |
| Cofinancing | 0.00 |
| Date | ADB | Others | Net Percentage | |
|---|---|---|---|---|
| Cumulative Contract Awards | 25 Aug 2023 | 50.00 | 0.00 | 100% |
| Cumulative Disbursements | 25 Aug 2023 | 50.00 | 0.00 | 100% |
| Category | Sector | Safeguards | Social | Financial | Economic | Others |
|---|---|---|---|---|---|---|
| Rating | Satisfactory | Satisfactory | Satisfactory | Satisfactory | Satisfactory | Satisfactory |
TA 9389-SRI
| Approval | Signing Date | Effectivity Date | Closing | ||
|---|---|---|---|---|---|
| Original | Revised | Actual | |||
| 26 Sep 2017 | 30 Nov 2017 | 30 Nov 2017 | 31 Oct 2019 | 25 Sep 2022 | 20 Mar 2023 |
| ADB | Cofinancing | Counterpart | Total | |||
|---|---|---|---|---|---|---|
| Gov | Beneficiaries | Project Sponsor | Others | |||
| 0.00 | 1,250,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,250,000.00 |
| Date | Amount |
|---|---|
| 25 Aug 2023 | 1,067,351.52 |
| Category | Sector | Safeguards | Social | Financial | Economic | Others |
|---|---|---|---|---|---|---|
| Rating | Unsatisfactory | Unsatisfactory | Unsatisfactory | Unsatisfactory | Unsatisfactory | Unsatisfactory |
Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
The Access to Information Policy (AIP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.
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Safeguard Documents See also: Safeguards
Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.
None currently available.
Evaluation Documents See also: Independent Evaluation
| Title | Document Type | Document Date |
|---|---|---|
| Sri Lanka : Rooftop Solar Power Generation Project | Validations of Project Completion Reports | Jun 2024 |
Related Publications
None currently available.
The Access to Information Policy (AIP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.
Requests for information may also be directed to the InfoUnit.
Solar power from the rooftops in Sri Lanka
Rooftops across Sri Lanka are harnessing solar power that is contributing to the country’s clean energy mix and reducing greenhouse gas emissions.ADB to Help Develop Rooftop Solar Power Systems in Sri Lanka
ADB's Board of Directors has approved a $50 million loan to help fund rooftop solar power generation systems in Sri Lanka to increase the share of renewable energy sources in the country’s energy mix.
Tenders
| Tender Title | Type | Status | Posting Date | Deadline |
|---|---|---|---|---|
| Environmental Assessment and Audit | Individual - Consulting | Closed | ||
| Financing expert (Energy) (international) | Individual - Consulting | Closed | ||
| Gender Finance Expert (Energy, National) | Individual - Consulting | Closed | ||
| Certification Technical Specialist | Individual - Consulting | Closed | ||
| Information Technology Specialist | Individual - Consulting | Closed | ||
| Project Implementation Specialist | Individual - Consulting | Closed | ||
| Implementation Support for Rooftop Solar Power Generation Project | Firm - Consulting | Closed |
Contracts Awarded
| Contract Title | Approval Number | Contract Date | Contractor | Address | Executing Agency | Total Contract Amount (US$) | Contract Amount Financed by ADB (US$) |
|---|---|---|---|---|---|---|
| Capacity Development | Technical Assistance 9389 | 20 Feb 2018 | DFCC Consulting (Pvt) Ltd(SRI LANKA) in association with MERCADOS ENERGY MARKETS INTERNATIONAL,S.A.(SPAIN) | 73/5 Galle Road, Colombo 3 00300 Sri Lanka | *** No Executing Agency for this TA *** | 993,745.00 | — |
Procurement Plan
None currently available.