India Extends USD 100 Million Line of Credit to Sri Lanka for Solar Energy Projects

India has extended a USD 100 million Line of Credit to Sri Lanka to help the island nation finance various projects in the solar energy sector and ensure that the country’s 70 per cent power requirements are fulfilled by renewable energy sources by 2030. An agreement signed between the Sri Lankan government and the Export-Import Bank of India was exchanged by High Commissioner of India to Sri Lanka Gopal Baglay and Secretary to the Treasury S R Attygalle in the presence of Sri Lankan President Gotabaya Rajapaksa on Wednesday. Read More…