Sri Lanka CEB to be broken to 14 companies, new regulator says PUCSL chair

Sri Lanka’s Ministry of Energy is planning to break up state-run Ceylon Electricity Board into 14 separate generation, and the current independent regulator will be abolished, its Chairman Janaka Ratnayake said.

Sri Lanka’s Public Utilities Commission and the Ministry of Energy has had disputes over recent tariff hikes.

Sri Lanka’s power sector has come under corruption allegations due to a model of having a single buyer for electricity leading to lobbying to pay artificially high tariffs without tender through standardized power purchase agreements as well as take-or-pay deals for LNG according to critics.

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