By: Isuru Parakrama
Colombo (LNW): The Cabinet has granted its approval for the proposed road map and timeline of the Ceylon Electricity Board (CEB) restructuring process, announced Power and Energy Minister Kanchana Wijesekara.
The Cabinet approval was granted yesterday (17) and the final draft of the new electricity act will be presented to Parliament for approval by the end of May, the Minister said in a Social Media remark.
He added that approval was also granted to establish a reform secretariat, obtain assistance of development agencies such Asian Development Bank (ADB), World Bank (WB), United States Agency for International Development (USAID), and Japan International Cooperation Agency (JICA) for the process, to conduct a financial and human resources audit and to complete the transition process by October 2023.
