Tuesday Sep 30, 2025
Tuesday Sep 30, 2025
Thursday, 18 September 2025 03:28 - - {{hitsCtrl.values.hits}}
NDB Bank in collaboration with Industries Ministry, has introduced a special facility under the ‘E-Friends II’ Refinance Loan Scheme dedicated to promoting solar adoption among Sri Lankan entrepreneurs.
This initiative is designed to make renewable energy more accessible and affordable, enabling businesses to transition to cleaner energy solutions while enhancing operational efficiency.
As the demand for renewable energy grows in response to rising energy costs and environmental challenges, the E-Friends II Solar Refinance Loan Scheme provides businesses with the financial backing needed to invest in solar power. The facility offers loans of up to Rs. 10 million at a highly competitive annual interest rate of 6.5%, with a repayment period of up to 10 years. Businesses can install solar capacity of up to 50KW, giving them a practical and sustainable pathway to reduce costs while lowering their carbon footprint.
By adopting solar power, entrepreneurs not only secure long-term energy savings but also contribute meaningfully to the country’s green transition. The scheme is ideal for enterprises looking to implement eco-friendly practices, strengthen resilience, and align with global sustainability trends.
NDB Bank Vice President – SME, Middle Markets and Business Banking Indika Ranaweera said: “NDB is proud to extend the E-Friends II Refinance Loan Scheme to support solar adoption, a vital step in creating an environmentally responsible business ecosystem. Through this facility, we aim to empower Sri Lankan entrepreneurs to embrace renewable energy, reduce dependency on non-renewable resources, and position themselves for sustainable growth.”
