Cabinet approval was granted yesterday for the proposed road map and timeline of the Ceylon Electricity Board (CEB) restructuring process, Minister of Power and Energy Kanchana Wijesekera said on Tuesday (18).
Minister Wijesekera said the final draft of the new Electricity Act will be presented to the Parliament for approval by end of May.
Approval was also granted to establish a reform secretariat, and obtain the assistance of development agencies such as the Asian Development Bank (ADB), World Bank, United States Agency for International Development (USAID), and Japan International Cooperation Agency (JICA) for the process, he said.
The Minister added that approval has also been granted to conduct a financial and human resource audit and to complete the transition process by October 2023. (NewsWire)