(LANKAPUVATH | COLOMBO) – The draft of the new Electricity Bill, which aims to provide for the implementation of reforms to the electricity industry, has been published in the government gazette.
It will facilitate the establishment of the National Electricity Advisory Council.
If the draft bill is enforced, the Ceylon Electricity Board Act, No. 17 of 1969 and the Sri Lanka Electricity Act, No. 20 of 2009 will be repealed.
Additionally, the draft bill proposes to make the Public Utilities Commission of Sri Lanka, established under the PUCSL Act, No. 35 of 2002, the regulator for the electricity industry in terms of this Act.
It also provides legislative measures applicable to the incorporation of corporate entities under the Companies Act, No. 07 of 2007 in which all activities connected to the generation, transmission, distribution, trade, supply and procurement of electricity are vested.
