Sri Lanka’s Power Ministry appoints eight-member committee to restructure CEB.
Sri Lanka’s Power and Energy Minister Kanchana Wijesekera has appointed an eight-member committee to restructure the state owned power utility, the Ceylon Electricity Board (CEB).
The committee members were appointed recently and are tasked with proposing recommendations to restructure the debt-ridden CEB within a month.
The Committee comprises veterans from both the public and private sectors. They include; former Finance Ministry Secretary Dr. R.H.S. Samaratunga, former Power and Energy Ministry Secretary M.M.C. Ferdinando, former CEB Assistant General Manager Dr. Susantha Perera, former Board of Investment Chairman Thilan Wijesinghe, former Attorney General Department Senior State Counsel Attorney-at-Law Harsha Fernando, Petroleum Development Authority Chairman and Port City Economic Commission Director-General Saliya Wickramasuriya, former Public Enterprise Reforms Commission Legal Consultant Nihal Jayawardena PC and Power and Energy Ministry Director Chandana Wijesinghe.
The Ministry said that the responsibility of restructuring the CEB was handed over to the members of the committee, which was approved by the Cabinet.
According to reports, the committee will provide restructuring proposals with the technical support of various development institutions within a month.
OSL take:
The government of Sri Lanka is focused on restructuring the country’s power and energy sectors as it is key to addessing the continuously growing demand in these two sectors. The ongoing crises in these two sectors have opened up new business/investment opportunities as well. Sri Lanka has adopted a policy of increasing the country’s renewable energy generation to 70% by 2030 further expanding the country’s power sector and the growth and profits recorded by local businesses engaged in renewable energy generation are indicative of the increasing business potential in Sri Lanka’s power industry. Foreign businesses/investors could therefore confidently explore the growing opportunities in Sri Lanka’s power industry.
| Article Code : | VBS/AT/22082022/X_4 |