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September 26, 2020
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Business & EconomyPower & Energy

Ground-breaking ADB- funded LECO-UOM Microgrid Project launched in partnership with DIMO and DHYBRID

9min
Lanka Electricity Company (LECO) together with the University of Moratuwa (UOM) launched a pioneering pilot project on Microgrid with a grant assistance of $ 1.8 million (approximately Rs. 325 million) from Asian Development Bank (ADB). DIMO, together with the German specialist DHYBRID, has been selected for the supply of comprehensive Renewable Energy Microgrid consisting of […]
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March 17, 2020
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ECONOMIC IMPACT – COVID 19Economy

COVID-19 Outbreak to Have Significant Economic Impact on Developing Asia

4min
    The ongoing novel coronavirus (COVID-19) outbreak will have a significant impact on developing Asian economies through numerous channels, including sharp declines in domestic demand, lower tourism and business travel, trade and production linkages, supply disruptions, and health effects, according to a new analysis by the Asian Development Bank (ADB). The magnitude of the […]
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