Proposed Electricity Bill aimed introducing reforms gazetted

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The proposed Electricity Bill aimed at implementation of reforms in the Electricity Industry has been gazetted.

The Bill provides for the establishment of the National Electricity Advisory Council among other proposals.

It also provides legislative measures applicable to the incorporation of corporate entities under the Companies Act, No. 07 of 2007 in whom all activities connected to the generation, transmission, distribution, trade, supply and procurement of electricity will be vested.

The proposals are designed to attract new investment into the Electricity Industry supported by desegregation of the activities of the Electricity Industry currently vested in a single Government owned entity by the incorporation of independent corporate entities in whom shall be vested all activities connected with the generation, transmission, distribution, trade, supply and procurement of electricity and who shall be responsible for the efficient management of these activities and for the creation of market competition in these activities.

Meanwhile MP Dayasiri Jayasekara raised objections about the Bill in Parliament today claiming that the wording was inaccurate and that it had been backdated thereby giving less time to challenge the bill in Parliament.

However, Minister Susil Premajayantha said that the date the bill is presented to Parliament is taken into account.

The full Bill is available on the following link

http://documents.gov.lk/files/bill/2023/12/419-2023_E.pdf

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