header logo
Asia asset finance
Mogo Academy
Latest
‘Sri Lanka Electricity Bill’ passed with amendments
Jun 06, 202406:19 PM
‘Sri Lanka Electricity Bill’ passed with amendments

The Speaker of the Parliament Mahinda Yapa Abeywardena announced to the House this evening (06) that the third reading of the ‘Sri Lanka Electricity Bill’ was passed in the Parliament with amendments.

 

Meanwhile, the second reading of the draft bill was also passed in the Parliament with a majority of 44 votes.

 

The ‘Sri Lanka Electricity Bill’, which incorporates the proposed reforms for the electricity sector, was presented to the parliament by Power and Energy Minister Kanchana Wijesekera on April 25. It was published in the government gazette on 17 April.

 

The Bill seeks to provide for the establishment of the National Electricity Advisory Council and make the Public Utilities Commission of Sri Lanka (PUCSL) the regulator for the electricity industry in terms of the proposed legislation.

 

Further, it seeks to provide legislative measures applicable to the incorporation of corporate entities, in which all activities connected to the generation, transmission, distribution, trade, supply and procurement of electricity are vested.

 

In addition, the Bill also provides for the repealing of the Ceylon Electricity Board Act, No.17 of 1969 and the Sri Lanka Electricity Act, No.20 of 2009.

 

However, several parties challenged the proposed bill before the Supreme Court, following which the court informed the Parliament that several clauses of the proposed ‘Sri Lanka Electricity Bill’ are inconsistent with the Constitution of Sri Lanka.

 

The Supreme Court determination stated that these clauses shall only be passed by a special majority of Parliament, and that one clause requires approval through a referendum, the Speaker informed the House. However, the country’s apex court has stated that these clauses could be passed with a simple majority if amended as specified in the Supreme Court’s determination.

 

On Wednesday (05), the government agreed to accept all the amendments proposed by the Supreme Court to the relevant draft bill. 

 

 

 

 

 

 

MostRead
Mobitel 5g
VideoStories
Sugeeshwara Bandara arrested over allegations of misappropriating state funds

Sugeeshwara Bandara arrested over allegations of misappropriating state funds

'No one can influence public appointments'  Govt denies officials appointed at Cardinal’s request

'No one can influence public appointments' Govt denies officials appointed at Cardinal’s request

Crucial data on Suresh Sallay’s devices may prove innocence, claims Udaya Gammanpila

Crucial data on Suresh Sallay’s devices may prove innocence, claims Udaya Gammanpila

Yoshitha Rajapaksa released on bail following arrest by the Bribery Commission

Yoshitha Rajapaksa released on bail following arrest by the Bribery Commission

Political debate intensifies over Suresh Sallay detention and CID conduct

Political debate intensifies over Suresh Sallay detention and CID conduct

Court of Appeal to consider Former President Gotabaya Rajapaksa’s petition tomorrow

Court of Appeal to consider Former President Gotabaya Rajapaksa’s petition tomorrow

 Cabinet gives nod to secure US$ 200 million in ABD funding for infrastructure and housing projects

Cabinet gives nod to secure US$ 200 million in ABD funding for infrastructure and housing projects

 “Gotabaya’s arrest will be determined by evidence” CID responsible for Easter attacks probe: Govt.

“Gotabaya’s arrest will be determined by evidence” CID responsible for Easter attacks probe: Govt.

 Dengue infections surpass 42,000; Special dengue control program to be held in schools this week

Dengue infections surpass 42,000; Special dengue control program to be held in schools this week

“Sallay not in critical condition” CID declines request to grant daily legal access to Suresh Sallay

“Sallay not in critical condition” CID declines request to grant daily legal access to Suresh Sallay

CID informs court of probe into contempt allegations against six persons including ex-Ministers

CID informs court of probe into contempt allegations against six persons including ex-Ministers

Govt. has obtained US$ 1.85 bln in foreign loans since assuming power, Finance Ministry data shows

Govt. has obtained US$ 1.85 bln in foreign loans since assuming power, Finance Ministry data shows

"Govt. has no development plans" Dilith Jayaweera says common man is being burdened on a daily basis

"Govt. has no development plans" Dilith Jayaweera says common man is being burdened on a daily basis

"Different virus spreading rapidly at the moment" Officials raise alarm over surge in dengue cases

"Different virus spreading rapidly at the moment" Officials raise alarm over surge in dengue cases

El Niño expected to gradually impact Sri Lanka, experts warn

El Niño expected to gradually impact Sri Lanka, experts warn

Lassana Flora