Nov 28, Colombo: Cabinet of Ministers has granted approval today to the recommendations proposed by the committee on Restructuring the Ceylon Electricity Board (CEB), Power and Energy Minister Kanchana Wijesekera said.
The recommendations for the restructuring of the CEB have been made by the committee led by Dr. R. H. S. Samaratunga, a former Secretary of the Finance Ministry.
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.