ADB to fund mini-hydro project in Lanka

Colombo: The Asian Development Bank (ADB) is studying a private loan funding proposal for the Mawanana mini-hydro project in Sri Lanka. The Bank has just completed a 14-month due diligence mission on the proposed project, which would have an installed capacity of 5.4MW.

Funding totalling US$ 4.2M of private loan was being sought from ADB by the developer Hayleys Industrial Solutions, which was undertaking the scheme on a build-own-operate (BOO) basis.

The Bank said it hoped to decide on the funding proposal for the run-of-river project by mid-2009.

Hayleys proposes to develop the plant on the Gin Ganga river, locating it near the town of Neluwa in the Galle district.