Cabinet approves proposals to restructure CEB

Tuesday, 29 November 2022 03:15 - - {{hitsCtrl.values.hits}}

Minister Kanchana Wijesekera

The Cabinet of Ministers yesterday granted approval to the recommendations proposed by the Committee on Restructuring the Ceylon Electricity Board (CEB).

Power and Energy Minister Kanchana Wijesekera said that the recommendations for the restructuring of the CEB have been made by the Committee led by former Treasury Secretary Dr. R.H.S. Samaratunga.

The CEB, controlling all aspects of power sector, is the country’s monopoly electricity transmitter and distributor and accounts for around 75% of power generation.

The proposed power sector reform process plans to abolish all types of monopolies related to electricity generation, transmission and distribution in Sri Lanka and separate the single monopoly into three sub-sectors.

The Minister said on Twitter that the Electricity Reforms Bill will be drafted within a month to begin the unbundling process of the CEB.

He said they will work on a rapid timeline to seek the approval of Parliament.

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