Cabinet Spokesman Minister Vijitha Herath stated that considering the current economic crisis in Sri Lanka, the ADB has agreed to grant this money from its general capital resources under small cost financial facilities.

It will be used for the completion of construction and post-construction activities of the Moragolla hydroelectric project and for the implementation of complementary projects targeted at the development of renewable energy.

Accordingly, the Cabinet of Ministers has agreed to the proposal presented by the President, in his capacity as the Minister of Power and Energy, to obtain the said loan amount directly for the Ceylon Electricity Board in two instalments, he said.