To date, the AIIB has supported five major development projects in Sri Lanka. The latest agreement was signed between the AIIB and the Government of Sri Lanka for the Kerawalapitiya–Port of Colombo L Grid Second Transmission Line Project.
The loan agreement was signed in the presence of Ministers Kumara Jayakody and Anil Jayantha. Dr. Harsha Suriya-Peruma, Secretary to the Ministry of Finance, and Rajath Mishra, Regional Director General of the AIIB’s Client Services Department, signed the agreement on behalf of their respective institutions.
Under this project, a 220 kV single-circuit underground cable system will be designed, supplied, constructed, tested, and commissioned to connect Kerawalapitiya and the Colombo Port L Grid Substation.
The project aims to ensure a stable and uninterrupted power supply to the Greater Colombo area, enhance grid reliability, and support the country’s transition toward renewable energy.
This initiative is expected to play a key role in strengthening Sri Lanka’s energy infrastructure and ensuring long-term energy security for urban communities.
