It is reported that Mr. Kanchana Wijesekera, the Minister of Electricity and Energy, has announced that a new Electricity Act will be submitted to Parliament for approval by the end of May.
Also, the Minister has stated that the Cabinet approved the restructuring methodology and the proposed time frame of the Electricity Board, and that the financial and human resource audits will be completed and the entire restructuring process will be completed by the end of October this year.
The minister further mentioned that the government hopes to get the support of the development agencies such as the World Bank, Asian Development Bank, JICA and USAID for the restructuring program and to establish a bureau to coordinate this restructuring program.