03rd December 2009, www.lankabusinessonline.com
The Japanese government will give Sri Lanka a grant of 860 million yen or just over a billion rupees to build a 400 kiloWatt solar power plant in the southern Hambantota district which will be connected to the national grid.
Investment Promotion Minister Anura Yapa told a news conference the island's Cabinet had approved the project aimed at introducing clean energy.
The plant will help to demonstrate to developers, lending agencies and equity investors the sustainability of commercial scale solar power generation, a government statement said.
"Development of renewable energy sources using solar power is vital due to the fact that only hydro power sources are used as renewable energy sources at present," it said.
The solar project will be implemented by the Sri Lanka Sustainable Energy Authority under the Ministry of Power and Energy.
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