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Website Newsletter: February 2018 to March 2018
Website Newsletter: February 2018 to March 2018
SDF's Newsletter
SAARC Development Fund commences Infrastructure funding in the SAARC regionMarch 20, 2018: SDF was established by the Heads of the eight SAARC Member States i.e. Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka in April 2010 with the aim to promote the welfare of the people of SAARC region, improve their quality of life, and accelerate economic growth, social progress and poverty alleviation in the region. The Fund serves as the umbrella financial institution for SAARC projects and programs which are in fulfillment of the objectives of the SAARC Charter. SAARC Development Fund (SDF) has activated its Infrastructure Window by in-principle approving two important infrastructure projects in energy sector in the SAARC region. Dr. Sunil Motiwal, CEO, SDF provided details of the projects in-principle approved in the SDF Board of Directors meeting held on 18-19 March 2018 at Thimphu, Bhutan. Dr. Motiwal informed that SDF Board has in-principle approved one waste to energy project in Sri Lanka and another hydropower project in Nepal under its Infrastructure Window. 1. The waste to energy project is first of its kind in Sri Lanka where the municipal waste will be converted to electricity and supplied to the grid. The total installed capacity of the plant is 13.2 mega-watts (MW). The project is estimated to cost about USD 64.55 million with proposed SDF credit exposure of upto USD 15 million. 2. The Hydro-electric project (HEP) in Nepal is a 900MW installed capacity project to be developed on run-off-river scheme in Nepal. The project will harness abundant availability of water in Nepal for generation of the electricity. The electricity generated out of the project is proposed to be supplied to the grids in Nepal, Bangladesh and India and will provide energy connectivity to three SAARC Member States - Nepal, Bangladesh and IndiaThe project is estimated to cost more than USD 1.4 billion with SDF credit exposure upto USD 15 million. ![]() 29th Meeting of SDF Board Chaired by Mr. Amir Mohyuddin Board Director from Pakistan | ||||
29th Meeting of SDF Board of DirectorsThe 29th Meeting of SDF Board of Directors was held at Thimphu, Bhutan from March 18-19, 2018. The meeting discussed various important issues including activation of Economic & Infrastructure Windows, new projects under the Social Window etc. ![]() SDF Board of Directors | ||||
8th Meeting of Finance & Audit Committee of SDFThe 8th Meeting of Finance & Audit Committee of SDF was held at Thimphu, Bhutan on March 17, 2018. The meeting deliberated on various matters pertaining to the finance and audit related issues of SDF Secretrait. ![]() 8th FAC Meeting chaired by Mr.Virender Singh. Alternate Bord Director from India | ||||
2nd Meeting of Board Project Appraisal CommitteeThe 2nd Meeting of Board Project Appraisal Committee was held at Thimphu, Bhutan on March 15, 2018. The BPAC appraised several bankable projects under the three windows for further recommendation to the Board of Directors. ![]() 2nd FAC Meeting chaired by Mr. Lekzang Dorji. Board Director from Bhutan | ||||
Fish based product training organized by SABAH- Sri LankaSABAH Sri Lanka organized a two days training from January 4-5, 2018 on fish based products. A total of 26 homebased workers participated in the training from 6 districts of Sri Lanka. The objectives of training were to get right technologies to making fish based products, get right technologies to improve shelf life of fish based products and acquire Knowledge Packaging. ![]() | ||||
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SDF Staff News
New members join the SDF family:
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