Energy-Storage.news on LinkedIn: Asian Development Bank loan to support Sri Lanka’s first grid-scale…

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institution has approved a loan to upgrade Sri Lanka’s grid infrastructure. <a class="link" href="https://www.linkedin.com/signup/cold-join?session_redirect=https%3A%2F%2Fwww.linkedin.com%2Ffeed%2Fhashtag%2Fenergystorage&trk=public_post-text" target="_self" data-tracking-control-name="public_post-text" data-tracking-will-navigate>#energystorage</a></p>  </div>  <a href="https://www.linkedin.com/redir/redirect?url=https%3A%2F%2Fwww%2Eenergy-storage%2Enews%2Fsri-lankas-first-grid-scale-battery-storage-project-asian-development-bank%2F&urlhash=sX3O&trk=public_post_feed-article-content" target="_self" data-tracking-control-name="public_post_feed-article-content" data-tracking-will-navigate class="flex flex-col feed-article-content" data-test-id="article-content" role="button"> <img alt="Asian Development Bank loan to support Sri Lanka’s first grid-scale battery storage project" class="lazy-load w-main-feed-card-media object-cover babybear:max-h-[400px]" 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href="https://www.linkedin.com/posts/kozoiino_deregulation-to-heat-up-vietnams-solar-sector-activity-7220264355316035584-QL5e" target="_self"></a> <article class="relative px-2 pb-0 bg-color-background-container container-lined pt-1.5 main-feed-activity-card related-posts__crosslink" data-activity-urn="urn:li:activity:7220264355316035584" data-featured-activity-urn="urn:li:activity:7220264355316035584" data-attributed-urn="urn:li:share:7220264354833682432">   <div class="flex"> <div class="base-main-feed-card__entity-lockup"> <div class="flex items-center font-sans mb-1" data-test-id="main-feed-activity-card__entity-lockup"> <a href="https://jp.linkedin.com/in/kozoiino?trk=public_post_feed-actor-image" class="relative" data-tracking-control-name="public_post_feed-actor-image" data-tracking-will-navigate> <img class="inline-block relative rounded-[50%] w-6 h-6 " data-delayed-url="https://media.licdn.com/dms/image/v2/D5603AQEKZ4heUvITFg/profile-displayphoto-shrink_400_400/profile-displayphoto-shrink_400_400/0/1642194871031?e=2147483647&v=beta&t=pInKcbBpf_oUwYfIiudnALXuAHERHQwx-cdB2tWzSuU" data-ghost-classes="bg-color-entity-ghost-background" data-ghost-url="https://static.licdn.com/aero-v1/sc/h/9c8pery4andzj6ohjkjp54ma2" alt="View profile for Kozo Okamoto, graphic">  </a> <div class="flex flex-col self-start min-w-0 ml-1 "> <div class="text-color-text "> <a class="text-sm link-styled no-underline leading-open" href="https://jp.linkedin.com/in/kozoiino?trk=public_post_feed-actor-name" data-tracking-control-name="public_post_feed-actor-name" aria-label="View profile for Kozo Okamoto" data-tracking-will-navigate> Kozo Okamoto </a>  </div> <p class="!text-xs text-color-text-low-emphasis leading-[1.33333] m-0 truncate">  Senior Vice President, Regulatory and External Affairs </p>  <span class="!text-xs text-color-text-low-emphasis leading-[1.33333] flex"> <time class="flex-none"> 7mo  </time>  </span> </div>  </div> </div> <div class="ellipsis-menu absolute right-0 top-0 main-feed-activity-card__ellipsis-menu !top-auto !relative !mr-1" data-test-id="main-feed-activity-card__ellipsis-menu"> <div class="collapsible-dropdown flex items-center relative hyphens-auto"> <button class="ellipsis-menu__trigger collapsible-dropdown__button btn-md btn-tertiary cursor-pointer !py-[6px] !px-1 flex items-center rounded-[50%] " aria-expanded="false" aria-label="Open menu" data-tracking-control-name="public_post_ellipsis-menu-trigger" tabindex="0"> <icon class="ellipsis-menu__trigger-icon m-0 p-0 centered-icon" data-delayed-url="https://static.licdn.com/aero-v1/sc/h/671xosfpvk4c0kqtyl87hashi"></icon> </button> <ul class="collapsible-dropdown__list hidden container-raised absolute w-auto overflow-y-auto flex-col items-stretch z-1 bottom-auto top-[100%]" role="menu" tabindex="-1"> <li class="ellipsis-menu__item border-t-1 border-solid 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<article class="relative px-2 pb-0 bg-color-background-container container-lined pt-1.5 main-feed-activity-card related-posts__crosslink" data-activity-urn="urn:li:activity:7247931166542970880" data-featured-activity-urn="urn:li:activity:7247931166542970880" data-attributed-urn="urn:li:share:7247931166027108353">   <div class="flex"> <div class="base-main-feed-card__entity-lockup"> <div class="flex items-center font-sans mb-1" data-test-id="main-feed-activity-card__entity-lockup"> <a href="https://ng.linkedin.com/in/aibrahimolaye?trk=public_post_feed-actor-image" class="relative" data-tracking-control-name="public_post_feed-actor-image" data-tracking-will-navigate> <img class="inline-block relative rounded-[50%] w-6 h-6 " data-delayed-url="https://media.licdn.com/dms/image/v2/D4E03AQEIDIpZrj1pFw/profile-displayphoto-shrink_400_400/profile-displayphoto-shrink_400_400/0/1643198078292?e=2147483647&v=beta&t=xIXqlzkw14hwgUJWr61LYNpylZdzUgvuajG9LuBzW0s" 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Have a great read! [Link to article: <a class="link" href="https://www.linkedin.com/redir/redirect?url=https%3A%2F%2Flnkd%2Ein%2FdaiAkD_6&urlhash=Ebda&trk=public_post-text" target="_self" rel="nofollow" data-tracking-control-name="public_post-text" data-tracking-will-navigate>https://lnkd.in/daiAkD_6</a>] </p>  </div>  <a href="https://www.linkedin.com/redir/redirect?url=https%3A%2F%2Fbusinessday%2Eng%2Fnews%2Farticle%2Ftimeline-5bn-africa-energy-bank-raise-45-initial-fund%2F&urlhash=ckk4&trk=public_post_feed-article-content" target="_self" data-tracking-control-name="public_post_feed-article-content" data-tracking-will-navigate class="flex flex-col feed-article-content" data-test-id="article-content" role="button"> <img alt="Timeline: $5bn Africa Energy Bank raise 45% initial fund - Businessday NG" class="lazy-load w-main-feed-card-media object-cover babybear:max-h-[400px]" 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<time class="flex-none"> 7mo  </time>  </span> </div>  </div> </div> <div class="ellipsis-menu absolute right-0 top-0 main-feed-activity-card__ellipsis-menu !top-auto !relative !mr-1" data-test-id="main-feed-activity-card__ellipsis-menu"> <div class="collapsible-dropdown flex items-center relative hyphens-auto"> <button class="ellipsis-menu__trigger collapsible-dropdown__button btn-md btn-tertiary cursor-pointer !py-[6px] !px-1 flex items-center rounded-[50%] " aria-expanded="false" aria-label="Open menu" data-tracking-control-name="public_post_ellipsis-menu-trigger" tabindex="0"> <icon class="ellipsis-menu__trigger-icon m-0 p-0 centered-icon" data-delayed-url="https://static.licdn.com/aero-v1/sc/h/671xosfpvk4c0kqtyl87hashi"></icon> </button> <ul class="collapsible-dropdown__list hidden container-raised absolute w-auto overflow-y-auto flex-col items-stretch z-1 bottom-auto top-[100%]" role="menu" tabindex="-1"> <li class="ellipsis-menu__item border-t-1 border-solid 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href="https://www.linkedin.com/redir/redirect?url=https%3A%2F%2Ffurtherafrica%2Ecom%2F2024%2F07%2F10%2Fworld-bank-invests-us150m-to-improve-mozambique-power-quality%2F&urlhash=pJHv&trk=public_post_feed-article-content" target="_self" data-tracking-control-name="public_post_feed-article-content" data-tracking-will-navigate class="flex flex-col feed-article-content" data-test-id="article-content" role="button"> <img alt="World Bank invests US$150M to improve Mozambique power quality" class="lazy-load w-main-feed-card-media object-cover babybear:max-h-[400px]" data-delayed-url="https://media.licdn.com/dms/image/sync/v2/D4D27AQHscil53djS0g/articleshare-shrink_1280_800/articleshare-shrink_1280_800/0/1720612595405?e=2147483647&v=beta&t=msu4F91D_RzigcW8-muhy7W0aFgf6ilbkbPbxf_dHs0" data-ghost-classes="tw-feed-content-ghost-image" data-ghost-url="https://static.licdn.com/aero-v1/sc/h/42byfw7gh464l64dlwodbbdez">  <section class="flex justify-between article-content__header py-1"> <header> <h2 class="tw-feed-content-title" dir="ltr" data-test-id="article-content__title"> World Bank invests US$150M to improve Mozambique power quality </h2> <h3 class="tw-feed-content-subtitle" data-test-id="article-content__subtitle"> furtherafrica.com </h3> </header>  </section> </a> <code id="i18n_reaction_singular" style="display: none"></code> <code id="i18n_reactions_plural" style="display: none"></code>  <div class="social-action-bar border-t-1 border-solid border-color-border-faint min-h-[44px] items-center flex flex-wrap babybear:justify-around !m-0"> <a class="social-action-bar__button " href="https://www.linkedin.com/signup/cold-join?session_redirect=https%3A%2F%2Fwww.linkedin.com%2Fposts%2Ffurthermarkets_world-bank-invests-us150m-to-improve-mozambique-activity-7216772261603643394-zMKg&trk=public_post_like-cta" data-tracking-control-name="public_post_like-cta" data-tracking-will-navigate> <icon class="social-action-bar__icon " data-svg-class-name="social-action-bar__icon--svg " 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by 360 Mozambique The World Bank (WB) is investing a total of 150 million dollars (9.4 billion meticals) to implement an initiative aimed at improving power quality in</p>  </div>  <a href="https://www.linkedin.com/redir/redirect?url=https%3A%2F%2Ffurtherafrica%2Ecom%2F2024%2F07%2F10%2Fworld-bank-invests-us150m-to-improve-mozambique-power-quality%2F&urlhash=pJHv&trk=public_post_feed-article-content" target="_self" data-tracking-control-name="public_post_feed-article-content" data-tracking-will-navigate class="flex flex-col feed-article-content" data-test-id="article-content" role="button"> <img alt="World Bank invests US$150M to improve Mozambique power quality" class="lazy-load w-main-feed-card-media object-cover babybear:max-h-[400px]" data-delayed-url="https://media.licdn.com/dms/image/sync/v2/D4D27AQHscil53djS0g/articleshare-shrink_1280_800/articleshare-shrink_1280_800/0/1720612595405?e=2147483647&v=beta&t=msu4F91D_RzigcW8-muhy7W0aFgf6ilbkbPbxf_dHs0" 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break-words " dir="ltr" data-test-id="main-feed-activity-card__commentary"><a class="link" href="https://www.linkedin.com/signup/cold-join?session_redirect=https%3A%2F%2Fwww.linkedin.com%2Ffeed%2Fhashtag%2Fcasa1000&trk=public_post-text" target="_self" data-tracking-control-name="public_post-text" data-tracking-will-navigate>#CASA1000</a> (or 1000MW) Hydropower Import from Central Asia (Kyrgyzstan and Tajikistan) from May to September is certain to lower dependence on much expensive <a class="link" href="https://www.linkedin.com/signup/cold-join?session_redirect=https%3A%2F%2Fwww.linkedin.com%2Ffeed%2Fhashtag%2Fthermalpower&trk=public_post-text" target="_self" data-tracking-control-name="public_post-text" data-tracking-will-navigate>#thermalpower</a> generation by the year 2026. <a class="link" href="https://www.linkedin.com/signup/cold-join?session_redirect=https%3A%2F%2Fwww.linkedin.com%2Ffeed%2Fhashtag%2Ffuelcost&trk=public_post-text" target="_self" data-tracking-control-name="public_post-text" data-tracking-will-navigate>#fuelcost</a> is a significant portion of tariff. And the more economical 1000MW of hydropower shall contribute in reducing the PKR 2.3T <a class="link" href="https://www.linkedin.com/signup/cold-join?session_redirect=https%3A%2F%2Fwww.linkedin.com%2Ffeed%2Fhashtag%2Fcirculardebt&trk=public_post-text" target="_self" data-tracking-control-name="public_post-text" data-tracking-will-navigate>#circulardebt</a>, a significant portion of which stems from high operating costs that exceed collected revenue. The 1000MW import is designed to supplement the peak summer demand (May to Sep), balancing supply without necessitating constant capacity expansions. To put in perspective, electricity demand typically is at 28,000 (peaking to 30,000 MW), with a shortfall of 8,000 MW. The CASA 1,000 MW, shall help to mitigate this shortfall, lower the <a class="link" href="https://www.linkedin.com/signup/cold-join?session_redirect=https%3A%2F%2Fwww.linkedin.com%2Ffeed%2Fhashtag%2Fbasketrate&trk=public_post-text" target="_self" data-tracking-control-name="public_post-text" data-tracking-will-navigate>#basketrate</a>, increase <a class="link" href="https://www.linkedin.com/signup/cold-join?session_redirect=https%3A%2F%2Fwww.linkedin.com%2Ffeed%2Fhashtag%2Fgrowth&trk=public_post-text" target="_self" data-tracking-control-name="public_post-text" data-tracking-will-navigate>#growth</a>, lessen the <a class="link" href="https://www.linkedin.com/signup/cold-join?session_redirect=https%3A%2F%2Fwww.linkedin.com%2Ffeed%2Fhashtag%2Ffinancialburden&trk=public_post-text" target="_self" data-tracking-control-name="public_post-text" data-tracking-will-navigate>#financialburden</a> on customer & <a class="link" href="https://www.linkedin.com/signup/cold-join?session_redirect=https%3A%2F%2Fwww.linkedin.com%2Ffeed%2Fhashtag%2Fincreaserecoveries&trk=public_post-text" target="_self" data-tracking-control-name="public_post-text" data-tracking-will-navigate>#increaserecoveries</a>. Hydropower is 34% of our Energy Mix. 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could deepen African countries’ debt crisis. <a class="link" href="https://www.linkedin.com/redir/redirect?url=https%3A%2F%2Flnkd%2Ein%2Fdscv4K4y&urlhash=mmVo&trk=public_post-text" target="_self" rel="nofollow" data-tracking-control-name="public_post-text" data-tracking-will-navigate>https://lnkd.in/dscv4K4y</a></p>  </div>  <a href="https://www.linkedin.com/redir/redirect?url=https%3A%2F%2Fmg%2Eco%2Eza%2Fthought-leader%2Fopinion%2F2024-12-16-world-banks-mission-300-to-invest-in-electricity-in-africa%2F&urlhash=IhaM&trk=public_post_feed-article-content" target="_self" data-tracking-control-name="public_post_feed-article-content" data-tracking-will-navigate class="flex flex-col feed-article-content" data-test-id="article-content" role="button"> <img alt="World Bank’s Mission 300 to invest in electricity in Africa – The Mail & Guardian" class="lazy-load w-main-feed-card-media object-cover babybear:max-h-[400px]" 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lang="pa_IN"> ਪੰਜਾਬੀ (Punjabi) </button> </li> <li class="language-selector__item" role="presentation">  <button aria-label="Polski (Polish)" class="font-sans text-xs link block py-[5px] px-2 w-full hover:cursor-pointer hover:bg-color-action hover:text-color-text-on-dark focus:bg-color-action focus:text-color-text-on-dark language-selector__link !font-regular" data-tracking-control-name="language-selector-pl_PL" data-locale="pl_PL" role="menuitem" lang="pl_PL"> Polski (Polish) </button> </li> <li class="language-selector__item" role="presentation">  <button aria-label="Português (Portuguese)" class="font-sans text-xs link block py-[5px] px-2 w-full hover:cursor-pointer hover:bg-color-action hover:text-color-text-on-dark focus:bg-color-action focus:text-color-text-on-dark language-selector__link !font-regular" data-tracking-control-name="language-selector-pt_BR" data-locale="pt_BR" role="menuitem" lang="pt_BR"> Português (Portuguese) </button> </li> <li class="language-selector__item" role="presentation">  <button aria-label="Română (Romanian)" class="font-sans text-xs link block py-[5px] px-2 w-full hover:cursor-pointer hover:bg-color-action hover:text-color-text-on-dark focus:bg-color-action focus:text-color-text-on-dark language-selector__link !font-regular" data-tracking-control-name="language-selector-ro_RO" data-locale="ro_RO" role="menuitem" lang="ro_RO"> Română (Romanian) </button> </li> <li class="language-selector__item" role="presentation">  <button aria-label="Русский (Russian)" class="font-sans text-xs link block py-[5px] px-2 w-full hover:cursor-pointer hover:bg-color-action hover:text-color-text-on-dark focus:bg-color-action focus:text-color-text-on-dark language-selector__link !font-regular" data-tracking-control-name="language-selector-ru_RU" data-locale="ru_RU" role="menuitem" lang="ru_RU"> Русский (Russian) </button> </li> <li class="language-selector__item" role="presentation">  <button aria-label="Svenska (Swedish)" class="font-sans text-xs link 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<input name="loginCsrfParam" value="455c5af8-b73a-40e1-84d7-a897b285f04f" type="hidden"> <div class="flex flex-col"> <div class="mt-1.5" data-js-module-id="guest-input"> <div class="flex flex-col"> <label class="input-label mb-1" for="public_post_contextual-sign-in_sign-in-modal_session_key"> Email or phone </label> <div class="text-input flex"> <input class="text-color-text font-sans text-md outline-0 bg-color-transparent grow" autocomplete="username" id="public_post_contextual-sign-in_sign-in-modal_session_key" name="session_key" required data-tracking-control-name="public_post_contextual-sign-in-modal_sign-in-modal_sign-in-session-key" data-tracking-client-ingraph type="text"> </div> </div> <p class="input-helper mt-1.5" for="public_post_contextual-sign-in_sign-in-modal_session_key" role="alert" data-js-module-id="guest-input__message"></p> </div> <div class="mt-1.5" data-js-module-id="guest-input"> <div class="flex flex-col"> <label class="input-label mb-1" 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target="_blank" data-tracking-control-name="linkedin-tc_auth-button_privacy-policy" data-tracking-will-navigate="true">Privacy Policy</a>, and <a href="/legal/cookie-policy?trk=linkedin-tc_auth-button_cookie-policy" target="_blank" data-tracking-control-name="linkedin-tc_auth-button_cookie-policy" data-tracking-will-navigate="true">Cookie Policy</a>. </p> </div> </div>  </section> </div> </div> </div> </div> <div class="cta-modal overflow-hidden container-raised z-10 fixed bottom-3 right-3 min-h-[56px] p-2 babybear:hidden windows-app-upsell windows-app-upsell--msft flex flex-col p-2 w-[359px] !bg-[#F1F8FA] opacity-90 backdrop-blur-[2px] z-1" data-impression-id="public_post_windows-app-upsell_cta-modal" role="dialog" aria-labelledby="cta-modal-header" aria-describedby="cta-modal-subheader"> <div class="windows-app-upsell__linkedin-title-container pt-[6px] mb-1.5 flex align-center"> <icon class="windows-app-upsell__linkedin-bug-icon block w-[21px] h-[21px]" data-svg-class-name="windows-app-upsell__linkedin-bug-icon-svg w-[21px] h-[21px]" data-delayed-url="https://static.licdn.com/aero-v1/sc/h/euqjj7tf5wvr33frd3x1jj9s"></icon> <p class="windows-app-upsell__linkedin-title uppercase text-xs text-color-text-secondary leading-[21px] ml-1"> LinkedIn </p> </div> <p class="windows-app-upsell__title font-sans text-md text-color-text-accent-4-hover font-semibold leading-regular mb-1"> Never miss a beat on the app </p> <p class="windows-app-upsell__body font-sans text-sm text-color-text-secondary leading-regular"> Don’t have the app? 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Energy-Storage.news on LinkedIn: Asian Development Bank loan to support Sri Lanka’s first grid-scale…