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Chinese bank funds electricity project for Sri Lankan rural villages

(Xinhua)

09:34, November 18, 2011

COLOMBO, Nov. 17 (Xinhua) -- China is giving the Sri Lankan government a loan of 33 million U.S. dollars to provide electricity to 268 villages in the country's former war zone, a top minister said here on Thursday.

The cabinet has approved the acceptance of the 33 million U.S. dollar loan from the Chinese government backed Exim Bank, Media Minister and government spokesman Keheliya Rambukwella told media.

He said the money would be used to provide electricity to 268 villages in the Trincomalee and Batticaloa districts in the eastern province that was caught in Sri Lanka's bloody three- decade conflict which ended in 2009.

"The project is expected to serve the increasing needs of the people and enhance economic potential in the area by increasing productivity, creating new employment opportunities and improving the living standards of the community," the minister said.

The Sri Lankan government is aggressively promoting development and aims to provide electricity to all households countrywide by 2012.

China is also funding the first coal power plant in Sri Lanka in a bid to increase electricity capacity in the country.

 
 
 
 
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