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Sri Lanka News

Investments & Funding

World Bank and Sri Lanka target $2bn in funding to unlock 7% growth and 1m jobs

The World Bank Group and Sri Lanka have launched a five-year partnership to mobilise over $2 billion in financing. The framework prioritises private-sector-led job creation for nearly one million young entrants, aiming for 7% medium-term economic growth and doubling export earnings to $36bn by 2030.

Sri Lanka | 1 week ago

Renewable Energy

Indian-Sri Lankan joint venture secures 2.27 billion LKR wind power transmission contract

Sri Lanka has approved a 2.27 billion LKR contract for a partnership between India’s Jyoti Structure and Sri Lanka’s Hayleys Fentons. The project involves constructing a 28-kilometer high-voltage transmission line to integrate renewable wind energy from the Mannar region into the national grid.

4 weeks ago • India;Sri Lanka

Renewable Energy

AIIB approves $52 million loan to Sri Lanka for Renewable Energy Transmission Project

AIIB provides $52 million financing to Sri Lanka for the Kerawalapitiya–Port L Second Transmission Line Project, enhancing renewable energy transmission, grid stability, and sustainable development

2 months ago • Sri Lanka

Latest News

Energy & Power | 2 days ago

EBRD approves USD 65 million for Egypt’s solar-plus-storage infrastructure project

The European Bank for Reconstruction and Development has committed USD 65 million to finance a hybrid 200 MW solar plant and 120 MWh battery storage facility in Aswan, Egypt. This initiative, developed by HAU Energy, marks a critical step in stabilizing the national grid while advancing the country's transition toward a low-carbon energy infrastructure.

Infrastructure | 3 days ago

USACE awards $113.8 million contract to J.F. Brennan for invasive carp deterrents at Brandon road project

The U.S. Army Corps of Engineers has awarded a $113.8 million contract to J.F. Brennan Company for leading-edge invasive carp deterrents as part of the Brandon Road Interbasin Project in Illinois. The award completes Increment I of the ecosystem restoration effort.

Energy & Power | 3 days ago

CoreMarine and Jumbo Offshore win contract for FLNG mooring installation in Argentina

CoreMarine and Jumbo Offshore have secured a contract from Southern Energy S.A. to transport, install, and hook up soft-yoke mooring systems for two FLNG vessels in Golfo San Matías. The project supports Argentina’s gas export expansion, with installations scheduled for 2027 and 2028.

Government & Policy | 3 days ago

NASA awards $76m data science contract to Development Seed for Marshall space flight center

NASA has selected Development Seed for a $76 million indefinite-delivery/indefinite-quantity contract to provide R&D services to the Office of Data Science and Informatics at Marshall Space Flight Center. The contract includes a two-year base period with three one-year options through June 2031.