The new NDA will recommend and authorise projects under Article 6.4, including activities ranging from renewable energy and green hydrogen to green ammonia and carbon capture, utilization, and storage (CCUS).
Under the project’s terms, each investor is required to make a minimum capital investment of USD 5 million and deposit a USD 2 million bond with the Central Bank of Sri Lanka as a performance guarantee.
He said that in their ambitious target to set up 2 lakh multipurpose cooperative societies in the country in 5 years, 35,395 new cooperative societies have been formed so far.