• Successor companies will take over various functions for efficient and transparent operations

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.