📋 Tender Overview
Project Name
Moragolla Hydro Power Project Post Completion Activities
Project Number
58299-002
Country / Economy
Sri Lanka
Project Status
Active
Project Type / Modality of Assistance
Loan
Source of Funding / Amount
Loan 4579-SRI: Moragolla Hydro Power Project Post Completion Activities
Concessional ordinary capital resources lending US$ 15.00 million
Operational Priorities
OP3: Tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability
Sector / Subsector
Energy / Energy efficiency and conservation
Gender
Description
The proposed Small Expenditure Financing Facility (SEFF) is designed to support (i) urgent post project completion activities to secure the ongoing sustainability of outcomes under existing ADB projects in the context of Sri Lanka s ongoing economic crisis, and (ii) achievement of the governments ambitious renewable energy targets and Nationally Determined Contributions under the Paris Agreement, through the preparation of new ADB projects.
The specific activity 1 ( Sub loan) is to support the post completion activities urgently required to support sustainability of the outcome of the Moragolla Hydro Power Project delivered under the Green Power Development and Energy Efficiency Improvement Investment Program Multitranche Financing Facility (MFF). The modality s streamlined processing requirements and suitability for supporting existing projects will facilitate the efficient delivery of post-completion activities that are beyond the scope of the MFF and the current financial capacity of the Ceylon Electricity Board (CEB) in the context of the ongoing economic crisis.
Project Rationale and Linkage to Country/Regional Strategy
The SEFF will play a crucial role in supporting Sri Lanka's target to achieve 70% of its electricity generation from renewable energy sources by 2030, as part of its broader energy transition strategy. Achieving the 2030 target will require substantial investments in renewable energy infrastructure, grid modernization, and energy storage solutions, alongside policy reforms to encourage private sector participation and international financing. Specifically , the Activity 1 will support the post completion of Moragolla Hydropower plant to ensure its timely and sustainable operation.
