Cabinet clears Basic Transfer Plan for CEB restructuring

Thursday, 15 January 2026 00:40 - - {{hitsCtrl.values.hits}}

The Cabinet of Ministers on Monday approved the Basic Transfer Plan prepared by the Power Sector Reform Secretariat, marking a significant step in the restructuring of the country’s power sector.

The plan, developed in line with the Sri Lanka Electricity (Amendment) Act, No. 36 of 2024 and the policies of the Minister in charge of power, outlines the transfer of assets, liabilities, functions, and roles from the Ceylon Electricity Board (CEB) to newly designated successor companies.

According to the Secretariat, the Basic Transfer Plan includes comprehensive details on the generation, transmission, and distribution of electricity, as well as the financial arrangements necessary for the successor companies to commence operations efficiently.

Speaking at the weekly post-Cabinet meeting media briefing on Tuesday, Cabinet Spokesperson and Minister Dr. Nalinda Jayatissa that the plan is a crucial step towards modernising the power sector, enhancing operational efficiency, and facilitating a smoother transition for all stakeholders involved.

“With Cabinet approval, the transfer of assets and operational responsibilities will now proceed as outlined in the Basic Transfer Plan, marking the end of the formal power sector reforms,” he added.