Electricity Sector Reforms Bill proposed to Cabinet

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

Order issued to take up the Central Bank bond case!

November 02, Colombo (LNW):The Colombo Permanent High Court Trial-at-Bar...

Ven. Banagala Upatissa Thero Bestows Blessings upon Indian Prime Minister Narendra Modi.

November 02, Colombo (LNW): A special religious ceremony was...

TIN Mandate Tightens State Control over Citizens’ Financial Freedom

TIN Mandate Tightens State Control over Citizens’ Financial Freedom

India’s Rs.265 Million Motorcycle Grant Raises Questions Over Fisheries Sector Priorities

India's Rs.265 Million Motorcycle Grant Raises Questions Over Fisheries Sector Priorities