India-Sri Lanka to Revive Energy Grid Deal

India and Sri Lanka have revived their energy deal, resuming the  discussion on linking their electricity grids.

The secretary of Sri Lanka’s power ministry said that the talk was yet at its initial stage.

Inflation, currency devaluation, and shortages caused a power supply crisis in Sri Lanka, but the talk had not guaranteed an immediate solution to the power cuts in the country. 

The two countries initiated the plan to build a miles-long transmission line running under the Indian Ocean a decade ago, but little progress had been made.

In March, India signed an agreement with Sri Lanka to build hybrid power projects north of the island nation. India’s strategy aimed at reducing China’s influence in Sri Lanka.

India has also extended billions-of-dollars assistance to its southern neighbors that have been impacted by the dropping of foreign exchange.

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