Sri Lanka, July 10 -- The Advocata Institute today called on the Sri Lankan government to reaffirm its commitment to the critical reforms initiated by the 2024 Electricity Act. The think tank emphasized 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 Dhananath Fernando, Chief Executive Officer of the Advocata Institute. "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," Fernando further said.
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