The UK government’s development finance institution CDC has launched a new independent solar and wind generation company to focus on India and neighbouring South Asian nations.
Ayana Renewable Power, entirely funded by CDC, will develop “hundreds of megawatts” of generational capacity with a focus on India, Sri Lanka, Bangladesh, Nepal and Myanmar.
Managing Director and CEO of Ayana Renewable Power Shivanand Nimbargi said that “Ayana’s strategic vision is to create significant renewable power generating capacity across South Asia, complementing it with a development agenda which reaches out to communities near locations where such capacity has been created.”
As per the 2018 Blue-Green Budget unveiled last year by Finance Minister Mangala Samaraweera, Sri Lanka intends to facilitate the diversification of the economy with the adoption of new and sustainable technologies.
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