Sri Lanka: Rooftop Solar Power Generation Project-Additional Financing

Sovereign Project | 50373-003

The government of Sri Lanka requested from the Asian Development Bank (ADB), via letter dated 20 July 2021, for additional financing of $50.0 million from ordinary capital resources (OCR). The proposed additional financing will enable the government to expand the success of ongoing Rooftop Solar Power Generation Project.

ADB approved the Rooftop Solar Power Generation Project with $50.0 million loan from ADB's OCR on 26 September 2017. The loan agreement was signed on 18 September 2018 and became effective on 25 September 2018. The loan closing date is 30 June 2022. The Ministry of Finance (MOF) is the executing agency and the Department of Development Finance (DDF) of MOF is the implementing agency.

Project Details

  • Project Officer
    Kolantharaj, Jaimes
    South Asia Department
    Request for information
  • Country/Economy
    Sri Lanka
  • Sector
    • Energy
Project Name Rooftop Solar Power Generation Project-Additional Financing
Project Number 50373-003
Country / Economy Sri Lanka
Project Status Proposed
Project Type / Modality of Assistance Loan
Technical Assistance
Source of Funding / Amount
Loan: Rooftop Solar Power Generation Project-Additional Financing
Ordinary capital resources US$ 50.00 million
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 Equity and Mainstreaming Some gender elements
Description

The government of Sri Lanka requested from the Asian Development Bank (ADB), via letter dated 20 July 2021, for additional financing of $50.0 million from ordinary capital resources (OCR). The proposed additional financing will enable the government to expand the success of ongoing Rooftop Solar Power Generation Project.

ADB approved the Rooftop Solar Power Generation Project with $50.0 million loan from ADB's OCR on 26 September 2017. The loan agreement was signed on 18 September 2018 and became effective on 25 September 2018. The loan closing date is 30 June 2022. The Ministry of Finance (MOF) is the executing agency and the Department of Development Finance (DDF) of MOF is the implementing agency.

The project is aligned with the following impact: access to clean and reliable power supply in Sri Lanka increased by 2025. The project will have the following outcome: clean power generation enhanced. The project has three outputs: (i) debt funding for rooftop solar power generation increased, (ii) rooftop solar market infrastructure and bankable subproject pipeline developed, and (iii) capacity and awareness of stakeholders, including the MOF, and participating financial institutions, and commercial and domestic sector customers increased.

Project Rationale and Linkage to Country/Regional Strategy The project contributes to the government's program of increasing clean power generation from solar energy, particularly with the achievement of rooftop solar capacity target of 200 megawatts (MW) by 2020 and 1,000 MW by 2025. The project is expected to support installation of at least 50 MW capacity of rooftop solar systems by 2022. The project supports the government's key development priority in the energy sector to diversify the existing energy generation mix to include more indigenous renewable energy resources. The project is consistent with ADB's country partnership strategy for Sri Lanka, 2018 2022 that prioritizes assistance to renewable energy development.
Impact

Impact of the Project is Aligned with

Current project

Access to clean and reliable power supply in Sri Lanka increased by 2025 (Sri Lanka Energy Sector Development Plan for a Knowledge-Based Economy, 2015 2025)

Outcome
Outputs

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

Geographical Location Nation-wide
Safeguard Categories
Environment C
Involuntary Resettlement C
Indigenous Peoples C
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation
Business Opportunities
Consulting Services not applicable
Procurement not applicable
Responsible ADB Officer Kolantharaj, Jaimes
Responsible ADB Department South Asia Department
Responsible ADB Division Energy Division, SARD
Executing Agencies
Ministry of Finance
The Secretariat Building
Colombo 01
Sri Lanka
Timetable
Concept Clearance 15 Dec 2021
Fact Finding 25 Aug 2022 to 25 Aug 2022
MRM 20 Oct 2022
Approval -
Last Review Mission -
Last PDS Update 16 Dec 2021

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.

In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.

None currently available.


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

None currently available.


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.

Tenders

No tenders for this project were found.


Contracts Awarded

No contracts awarded for this project were found


Procurement Plan

None currently available.