Sri Lanka to introduce new Electricity Amendment Bill, CEB division to be scrapped
March 04, Colombo (LNW): The government is set to introduce a new Electricity Amendment Bill which will eliminate the planned division of the Ceylon Electricity Board (CEB), Minister of Trade Wasantha Samarasinghe announced in Parliament yesterday (03).
Speaking on the matter, Minister Samarasinghe emphasised that the current administration has no intention of privatising any power stations or the transmission of electricity.
He pointed out that the previous government had proposed dividing the CEB into eight separate entities, a move that the present government will not pursue.
“We are committed to maintaining the integrity of the Ceylon Electricity Board as a single entity. Unlike the previous administration’s plans, we will not fragment the CEB into multiple companies,” Samarasinghe clarified.
The Minister also highlighted the government’s success in reducing electricity prices, revealing that the cost of power has decreased significantly, now ranging between Rs. 18 to 19 per unit, down from Rs. 30 per unit previously.
This reduction, he noted, demonstrates the government’s commitment to ensuring affordable power for the public.
The Ministry of Trade reiterated that the current government remains focused on purchasing electricity at the lowest possible rates, further assuring the public of continued efforts to make energy consumption more affordable and accessible for all citizens.
