Region: South Asia
Country: Sri Lanka
Sectors: Energy and Power
Topics: Climate-Smart
Keywords: Hydropower, Biomass
Document(s):
Village Hydro/Biomass Economic Benefits Verification25.01 KB
Document Summary:
Document Details:
Renewable Energy for Rural Economic Development Project
Village Hydro/ Wind/ Biomass Economic Benefits Verification - Terms of Reference for Consultant
The RERED Project
The Government of Sri Lanka (GOSL), with the assistance of the World Bank and the Global Environment Facility (GEF) has established the Renewable Energy for Rural Economic Development (RERED) Project, which aims to foster rural economic development through private sector and community based development models. Project targets include (a) provision of electricity access to 100,000 households through solar home systems and independent mini-grids fed by micro hydros, wind and biomass generators, (b) electrification of 1,000 small and medium rural enterprises through renewable energy resources and (c) addition of 85MW capacity through grid-connected renewable energy power plants.
GOSL has appointed DFCC Bank as the RERED Administrative Unit (AU). The RERED Project channels funds through participating credit institutions (PCI) to individual investments. Grant funds are also available from the GEF for selected technical assistance activities.
For more information about this sector, please visit Public–Private Partnerships in Energy and Power.
Updated: March 21, 2021