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ADB extends $150 mn. line of credit to CEB

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Asian Development Bank (ADB) and Ceylon Electricity Board (CEB) signed an agreement today (Dec. 19) for the ADB to provide a loan of $150 million to the CEB.

The financing will support the construction of 6 new grid substations, 87 km of 132 kV transmission lines, 45 km of 220 kV transmission lines and the augmentation of 2 existing grid substations.

ADB had approved the loan package in Nov. 2024 after rigorous due diligence on technical, economic and social merits of CEB’s upcoming investment proposals.

“Through these funds, several essential projects in CEB’s long-term transmission plan will be implemented over 2025-2027, which will improve the overall reliability and stability of the grid,” the CEB said.

The agreement was signed by ADB’s Country Director for Sri Lanka Takafumi Kadono and CEB General Manager Ronald Comester, in the presence of Finance Ministry Secretary Mahinda Siriwardena.

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SJB appoints committee for talks on working together with UNP

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The Working Committee of the Samagi Jana Balawegaya (SJB) has approved a proposal for discussions to work together with the United National Party (UNP).

Accordingly, a five-member committee, headed by SJB General Secretary – Ranjith Madduma Bandara, has been appointed for the discussions.

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China pledges to back sovereignty, territorial integrity & independence of SL (Video)

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Zhao Leji, Chairman of the Standing Committee of the National People’s Congress (NPC) of China, stated that China is committed to supporting Sri Lanka’s sovereignty, territorial integrity, and independence.

This statement was made during a meeting between President Anura Kumar Disanayake and Zhao Leji, which took place earlier today (Jan. 16) as part of President Disanayake’s four-day official visit to China.

During the meeting, Chairman Zhao warmly welcomed President Disanayake, further emphasizing that working with Sri Lanka in a continuous and cooperative manner is a key expectation of the Chinese National People’s Congress.

Minister of Foreign Affairs, Foreign Employment, and Tourism – Vijitha Herath, Minister of Transport, Highways, Ports, and Civil Aviation – Bimal Rathnayake, Chinese Ambassador to Sri Lanka – Qi Zhenhong and Sri Lankan Ambassador to China – Majintha Jayesinghe, were also present at the event.

(President’s Media Division)

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SL President holds talks with globally renowned Chinese companies (Pics)

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During his four-day state visit to China, President Anura Kumara Disanayake held a series of strategic discussions with several globally acclaimed leading Chinese corporations following his participation in an investment forum organized by both public and private sector entities in China.  

Among the prominent companies involved in these discussions were the China Communications Construction Company Ltd (CCCC), China Petrochemical Corporation (SINOPEC Group), Metallurgical Corporation of China Ltd (MCC), Huawei and BYD Auto.  

President Disanayake highlighted the investment opportunities available in Sri Lanka and assured these corporations that the government is committed to providing all necessary facilities and support to investors to foster a business-friendly environment.  

Minister of Foreign Affairs, Foreign Employment and Tourism Vijitha Herath and Minister of Transport, Highways, Ports and Civil Aviation Bimal Rathnayake also participated in these significant engagements.  

(President’s Media Division)

Ms. Yu Ling –  Director – BYD
Mr. Wang Tongzhou – Chairman – China Communications Construction Company Ltd (CCCC)
Ms. Shi Dai – Director and President – China Merchants Group (CMG)
Mr. Ma Yongsheng – Chairman – Sinopec Corp
Mr. Jeff Wang  – Senior Vice President – Huawei Technologies Co. Ltd.

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