Sri Lanka, Oct. 5 -- The Government has secured financing from the Asian Development Bank (ADB), together with grant assistance from the European Union (EU) and the Government of Japan, for the Rooftop Solar Integration and Virtual Net Metering Project aimed at expanding access to affordable and clean energy.

The financing comprises a concessional loan of USD 35 million from the ADB, a grant of EUR 15.4 million from the European Union, equivalent to approximately USD 16.94 million, and a grant of USD 5.5 million from the Japan Fund for the Joint Crediting Mechanism (JFJCM). The Ministry of Energy, in collaboration with Electricity Distribution Lanka (Private) Limited (EDL) and Lanka Electricity Company (Private) Limited (LECO), will impl...