World Bank Arm Considers Funding Sri Lanka Waste-to-Energy Plant
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The World Bank’s private-sector financing arm is considering $9 million in debt and equity funding for a project in Sri Lanka that will sell electricity produced from burning municipal waste.
RenewGen Enviro Ventures India Pvt. won a 25-year contract to build and operate a 10-megawatt plant in Sri Lanka’s Western Province, according to a summary of the proposed funding on the International Finance Corp.’s website.