The Bank has just completed a 14-month due diligence mission on the proposed project, which would have an installed capacity of 5.4MW.
Funding totalling US$4.2M of private loan is being sought from ADB by the developer Hayleys Industrial Solutions, which is undertaking the scheme on a build-own-operate (BOO) basis. The Bank said it hoped to decide on the funding proposal for the run-of-river project by mid-2009.
Hayleys proposes to develop the plant on the Gin Ganga river, locating it near the town of Neluwa in the Galle district.
