The Ceylon Electricity Board (CEB) says proper reforms are to be introduced in the energy sector in line with the social transformational mandate received by the new President of Sri Lanka.
Issuing a statement, the CEB said several initiatives are to be done via an amendment to the Electricity Act through extensive public and stakeholder consultation without the privatization of state-owned electricity sector assets.
The CEB further said that it is working to achieve the lowest electricity cost in the region in the next five years under a strong single-buyer market with an Independent System Operator (ISO) and unbundled generation, transmission and distribution licensees established.
A proposal was also made to form a committee representing employees at all levels to obtain the active contribution of everyone for future initiatives taken by the Ministry of Energy, it added.
The announcement comes as an online awareness program on the electricity sector reforms was conducted by the Chairman and the Board of Directors of the CEB on 23rd October 2024 for the entire CEB staff.
“Change is a common reality; timely changes are essential for any organization. Proper organizational reforms with periodic evaluations are imperative for any organization to increase the quality of service, maintain high standards in customer satisfaction, make reasonable profits to the organization, ensure high returns to the social economy, and improve the living standards of the employees,” the CEB added. (Islandnews)
