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The Asian Development Bank (ADB) has provided a $150 million loan to the Ceylon Electricity Board (CEB) to enhance Sri Lanka's electricity transmission infrastructure, focusing on improving grid reliability and integrating renewable energy through the construction and upgrade of substations and transmission lines under CEB's 2025-2027 long-term plan.
The Asian Development Bank (ADB) has signed a $150 million loan agreement with Sri Lanka’s state-run Ceylon Electricity Board (CEB) to support critical upgrades in the country’s electricity transmission infrastructure as part of CEB’s long-term transmission plan for 2025-2027. Approved in November after extensive due diligence, the financing will fund the construction of six new grid substations, 87 km of 132 kV transmission lines, and 45 km of 220 kV transmission lines, along with the augmentation of two existing substations, to enhance grid reliability and facilitate the integration of large-scale renewable energy projects into the national grid. CEB, along with its subsidiary Lanka Electricity Company (LECO), serves over 7.5 million customers through a 3,400 km high-voltage transmission network comprising 90 grid substations.
