Sri Lanka, March 6 -- A Gazette Extraordinary has been issued by Energy Minister Kumara Jayakody transferring the functions and duties of the Ceylon Electricity Board (CEB) with effect from March 09.

According to the Gazette, provisions have been made for the establishment of six successor companies for electricity generation, transmission, distribution and system operations.

Accordingly, the Sri Lanka Electricity Act, No. 36 of 2024, will come into effect on March 9, 2026, with the exception of specific sections, effectively restructuring the CEB.

The issuance of Gazette No. 2478/41 follows the completion of several key regulatory milestones required for the restructuring of the power sector:

Preliminary Transfer Plan: Prepared by th...