India offers USD 100 mn credit facility for solar projects in Sri Lanka

COLOMBO (News1st): India has offered Sri Lanka a 100 million US dollar credit facility for three solar projects, the Indian High Commission said on Thursday. The line of credit (LoC) will facilitate the construction of rooftop solar systems that would generate 60 megawatts of electricity in total. "This LoC will cover financing for rooftop solar systems meant for 20,000 households and 1,000 government buildings," the high commission said. It added that the credit line will also facilitate the construction of a floating solar power plant. A letter conveying the offer had been handed over to power minister Dullas Alahapperuma by Indian High Commissioner Gopal Baglay on Wednesday.