COLOMBO, Dec. 10 (Xinhua) -- The Sri Lankan cabinet approved a proposal to sign two agreements with the Asian Development Bank (ADB) for strengthening its power system and integration of renewable energy projects, according to a statement from the government's information department on Tuesday.
President Anura Kumara Dissanayake submitted the proposal in his capacity as the Minister of Finance, Planning and Economic Development, the department said.
The ADB has agreed to offer 200 million U.S. dollars as two separate loans -- 150 million dollars and 50 million dollars -- to Ceylon Electricity Board and Lanka Electricity (Pvt) Ltd., respectively, under two agreements on treasury guarantee, according to the department. ■
