Sri Lanka has formally dissolved the state-run Ceylon Electricity Board, replacing it with six new companies as part of a major restructuring of the country’s power sector.
This change comes into effect today, following the end of the Board's tenure at midnight last night. Under the restructuring plan, responsibilities for electricity generation, transmission, distribution, and system operations have been transferred to six successor entities created through an extraordinary gazette issued by the Ministry of Energy.
The new companies are Lanka Electricity Generation Lanka (Private) Limited, National Transmission Network Service Provider (Private) Limited, National System Operator (Private) Limited, Electricity Distribution Lanka (Private) Limited, Employees Fund (Private) Limited, and Energy Ventures Lanka (Private) Limited.
This restructuring is part of broader economic reforms in Sri Lanka following its 2022 financial crisis, aimed at improving efficiency, financial sustainability, and attracting investment into the power sector.