The Board of Directors of the Ceylon Electricity Board (CEB) has officially shelved its privatization plans, opting rather to focus on comprehensive restructuring focused on enhancing efficiency and service quality.In a statement, the CEB revealed that this decision was reached following a conference held in between the Chairman and the Board of Directors on October 23.
Accordingly, the recently described restructuring framework will target crucial organizational reforms to boost customer complete satisfaction, improve service requirements, accomplish sustainable success, assistance social and economic development and improve working conditions for employees.Additionally, it has likewise been decided to change the Sri Lanka Electricity Act and make sure federal government ownership of all power plants, as well as the transmission and distribution networks without privatization.To handle the monetary and operational aspects of electrical power generation, transmission, and circulation, the CEB has proposed an independent mechanism within a single-buyer model.
This structure will involve substantial public and stakeholder consultations to support transparent and effective governance.The CEB Board of Directors has actually likewise talked about an ambitious goal to make Sri Lankas electricity costs the most affordable in the region within the next five years.