India offers $100 million line of credit to Sri Lanka for solar projects

India has offered a line of credit (LoC) worth $100 million to Sri Lanka for three solar projects in the country.

The LoC will cover financing for rooftop solar systems meant for 20,000 households and 1,000 government buildings all across the island. The combined generation capacity of these rooftop systems will be about 60 MW. The LoC will also provide financing for a floating solar power plant. The implementation of the LoC will begin with the conclusion of an LoC agreement between the two sides.

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