Sri Lanka Electricity Act 2024 · As enacted · Part XIII · General
38. Establishment of the Power Sector Reforms Secretariat
Official English translation. The Sinhala text prevails. Open the official Sinhala text, official PDF on documents.gov.lk
Official translationFrom Department of Government Printing, unchanged
There shall be established for the purpose of assisting the Minster in the implementation of the reform process as provided for in this Act, a secretariat called and known as the Power Sector Reforms Secretariat.
The Minister shall appoint not more than five persons with integrity, one of whom shall have not less than ten years of experience in electrical engineering, and the other four persons with not less than ten years of experience in one or more of the following fields to be members of the
Power Sector Reform Secretariat: -
power system planning and operation;
human resource management;
State owned enterprise restructuring;
law;
public private partnership; or
finance.
The Minister shall appoint a person possessing not less than fifteen years of experience in one or more of the following fields to be the Director–General of the Power
Sector Reforms Secretariat:-
power system planning and operation;
human resource management;
State owned enterprise restructuring;
electrical engineering;
public private partnership; or
finance.
The Power Sector Reforms Secretariat shall have the power to direct and oversee the implementation of the reforms enumerated in this Act. The Secretary to the Ministry of the Minister shall in the implementation of the reforms process as envisaged in this Act, exercise supervision over the Power Sector Reforms Secretariat subject at all times, to the direction and control of the Minister.
The Power Sector Reforms Secretariat shall -
assist the Minister in implementing the provisions of this Act and ensuring that the new companies incorporated in terms of the Companies Act, No.07
of 2007 as specified in section 17 commence operations as provided for in this Act;
assist the Minister in prioritizing and facilitating the preparation of regulations to be made under the provisions of this Act in order to ensure the implementation of the reforms to the Electricity
Industry;
facilitate the preparation in an expeditious manner of the preliminary transfer plan and the final transfer plan required for the finalisation of the reforms process;
coordinate the formulation of a comprehensive and efficient financial restructuring process which identifies methodology to be applied to the restructuring of the assets and liabilities of the
Ceylon Electricity Board including the completion of the process of divesting the Ceylon
Electricity Board of its activities as identified in the Transfer Plan prepared in terms of section 18;
and
initiate capacity building of the National System
Operator in operating the reformed power sector and in the procurement of new generation capacity using competitive, transparent and accountable procedures.
The provisions relating to the Power Sector Reforms
Secretariat shall cease to be operative on the expiration of a period of two years from the date on which the Bill becomes an Act of Parliament:
Provided that, the Minister may, thirty days prior to the expiration of the said period of two years, by an Order published in the Gazette, extend subject to obtaining the approval of the Cabinet of Ministers for such extension, the functioning of the Power Sector Reforms Secretariat by one year at a time:
Provided further, the cumulative period for which the
Power Sector Reforms Secretariat may be so extended shall not extend beyond a period of five years from the date on which the Bill becomes an Act of Parliament.
Part XIV