Advocata Institute urges Govt. to uphold electricity sector reforms

THE Advocata Institute yesterday called on the Government to reaffirm its commitment to the critical reforms initiated by the 2024 Electricity Act.

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The think tank emphasised the necessity of legally separating the Ceylon Electricity Board's (CEB) functions and fostering a competitive and transparent electricity industry.

"The 2024 Electricity Act was a landmark step towards a more efficient and accountable energy sector," said Advocata Institute CEO Dhananath Fernando. "Sri Lanka cannot afford to fall back into a monopoly-driven model at a time when attracting private capital and enhancing efficiency are critical to economic recovery and energy security."

In its newly released paper, "Powering Forward: Why Unbundling the CEB is Critical for Sri Lanka's Energy Future," Advocata warns that proposed amendments to the 2024 Electricity Act threaten to reverse decades of progress in the sector. The Institute states that such reversals could severely undermine Sri Lanka's economic and fiscal stability.