Korea funds US$ 50 m for solar power generation

Ramani KANGARAARACHCHI

The Korean Government will grant US$ 50 million to install Lanka's first 500 KW grid connected solar power generation project in Hambantota.

It will also lend money for the Gampaha sanitary waste management yard.

Korea's Ambassador Choi Kichul said their Government is also considering promoting Sri Lanka among Korean investors in solar, wind and biomass power generation, clean development mechanisms, carbon credit, solid waste management, energy efficiency and transmission lines.

He was the chief guest at a seminar on Clean Development Mechanisms organized by the Sri Lanka Sustainable Energy Authority held jointly with Ecoeye of South Korea.

The Ambassador said there are also possibilities of sponsoring visitors from Sri Lanka to Korea's energy exhibitions to view latest technologies and technological developments in these sectors.

"We have an interest in assisting the Sri Lankan Government to meet the country's energy requirement by the implementation of a policy framework of increasing diversity of energy supply sectors specially in alternate technologies for better energy efficiency and utilization," he said.

He pointed out that engaging the private sector and civil society as stakeholders and partners is crucial to success of a green economy and the efforts to pursue sustainable energy.