Electricity Sector Reforms Bill proposed to Cabinet

Date:

Colombo (LNW): The proposed Electricity Sector Reforms Bill was submitted to the Cabinet today (30) for its observations and approval, Power and Energy Minister Kanchana Wijesekara said.

The proposed reforms will unbundle the services of the Ceylon Electricity Board (CEB), improve efficiency, transparency, competition and allow private sector participation in the electricity industry, the Minister wrote on his official X account.

“The Bill was prepared over the last 10 months with the assistance of energy and legal experts from development agencies and industry stakeholders. The Bill received the certification of the Attorney General last week after the proposed amendments by the AGs Dept was incorporated by the Legal Draftsman’s,” he wrote.

Wijesekara added that once the Cabinet approves the Bill, it will be gazetted and tabled in the Parliament for approval.

Share post:

spot_imgspot_img

Popular

More like this
Related

Tourism Crosses 1.2 Million, But Sri Lanka Faces Uphill Climb to Meet 2025 Targets

Tourism Crosses 1.2 Million, But Sri Lanka Faces Uphill Climb to Meet 2025 Targets

Prime Minister calls for collective effort to drive overhaul of education system

Prime Minister calls for collective effort to drive overhaul of education system

Controversial Rs. 73 Billion Power Deal Sparks Conflict-of-Interest Allegations

Controversial Rs. 73 Billion Power Deal Sparks Conflict-of-Interest Allegations

Govt to Probe X-Press Pearl Legal Irregularities Amid Environmental Fallout

Govt to Probe X-Press Pearl Legal Irregularities Amid Environmental Fallout