Archives

Japan gives US$ 251 m for hydropower projects

TOKYO, Friday (AFP) - The Japan Bank for International Cooperation (JBIC) said Friday it would extend a 33,265 million yen (251 million dollars) loan to Sri Lanka to help develop the country's hydroelectric power system.

"Since water is the country's sole natural resource available for generating electricity ... the (Sri Lankan) government has been striving to build a power supply system that makes the utmost use of its abundant water," the JBIC said.

The repayment period of the loan is 40 years with a 10-year grace period.

News | Business | Features | Editorial | Security
Politics | World | Letters | Sports | Obituaries |

Produced by Lake House
Copyright 2001 The Associated Newspapers of Ceylon Ltd.
Comments and suggestions to :Web Manager