1 June 2024 12:00 am Views - 145
By Ajith Siriwardana
The electricity sector reforms proposed in the Sri Lanka Electricity Bill will unbundle the services of the Ceylon Electricity Board (CEB) while guaranteeing a quality supply of electricity and services, Power and Energy Minister Kanchana Wijesekera said yesterday.
“If approved next week in Parliament, the electricity sector reforms propose to unbundle the services of the CEB, establish successor companies to take over different functions to operate more efficiently and in a transparent manner, to guarantee a quality supply of electricity and services and to reduce the cost of energy to the consumer in the future,” he said in a statement on X.
The Minister said the proposed three-year reform timeline will also enable to establish wholesale markets, open access, power trading across regions and pave the way for necessary investments and competition for the sector.
He said a meeting of the CEB reforms committee was held at the Ministry of Power and Energy to discuss and prepare for next week’s crucial Parliament sitting and to plan the next steps on the final transfer plans, technical requirements and legal requirements.
The second reading of the Electricity Bill is to be debated and voted on June 6.