Work is scheduled to begin on six priority development projects in Sri Lanka’s Eastern Province under the framework Memorandum of Understanding on Indian Multi-Sectoral Grant Assistance. The initiative was agreed during the April 2025 state visit of Narendra Modi to Sri Lanka and aims to support socio-economic development across the region.
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The International Finance Corporation has partnered with WindForce PLC to develop Sri Lanka’s first utility-scale 100 MW solar power project. This landmark initiative aims to accelerate the country’s transition to renewable energy, strengthen energy security, and reduce electricity costs while supporting economic recovery. The project is expected to generate approximately 220 GWh of clean electricity annually, contributing to Sri Lanka’s target of achieving 50–70% renewable energy in its power mix by 2030. It will also enhance grid reliability and create over 3,000 jobs across construction, technical, and operational sectors. The IFC is investing up to US$18 million through a local currency loan, with additional support to improve engineering, maintenance, sustainability, and grid resilience capabilities. Aligned with the World Bank Group’s broader energy strategy, the project will help reduce reliance on imported fuel and promote long-term infrastructure development. It complements ongoing initiatives to strengthen transmission systems and institutional capacity, positioning Sri Lanka to expand solar power and future battery storage solutions while building a more resilient and cost-effective energy sector.
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Sri Lanka’s Minister of Transport, Highways and Urban Development, Bimal Rathnayake, has confirmed that ongoing construction projects across the country are progressing without interruption despite global uncertainties arising from the Middle East conflict. The government has assured continuity in key infrastructure developments, maintaining planned schedules and execution.
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The University of Hull has launched a two-year collaborative project to support sustainable wetland management in Colombo. The initiative, developed in partnership with the International Water Management Institute, focuses on improving flood resilience and climate adaptation in urban wetland environments.
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