India Funds $11M Renewable Energy Project in Sri Lanka
The project involves India granting $11 million to Sri Lanka, in collaboration with a private partner, to install hybrid renewable energy systems across three islands off the Jaffna peninsula in northern Sri Lanka. This initiative aims to bolster Sri Lanka’s energy security and aid in its economic recovery, marking the third India-backed energy project in the region. The effort supports India’s “neighborhood first” policy, emphasizing humanitarian assistance, connectivity, and community development cooperation during Sri Lanka’s challenging transition. By focusing on sustainable energy infrastructure, the project also reflects India’s commitment to promoting renewable energy adoption and could serve as a model for decentralized electrification in remote areas, including within India itself.
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