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As enacted
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Contents

Part XIII · General

39. Ceylon Electricity Board required to provide all data and information in its possession to the Power Sector Reforms Secretariat

Official English translation. The Sinhala text prevails. Open the official Sinhala text, official PDF on documents.gov.lk

(1)

The Board of Directors of the Ceylon Electricity

Board shall cooperate with the Power Sector Reforms

Secretariat in the restructuring activities being carried out in terms of this Act. The General Manager of the Ceylon

Electricity Board shall on behalf of the Board of the Ceylon

Electricity Board be required to furnish to the Power Sector

Reforms Secretariat -

(a)

all data and documents and any other material information including, information relating to all activities being carried out by the Ceylon

Electricity Board, in whatever form, in the possession of the said Board;

(b)

preliminary allocation of all assets and preliminary valuation of such assets including land, building, plant and machinery and other movable assets to successor companies prior to the appointed date with such valuation being carried out by the Chief Valuer:

Provided that, the Chief Executive Officer of the residual company established under paragraph (e) of subsection (3) of section 18 shall be responsible for final asset allocation and final asset valuation to be included in the final transfer plan;

(c)

information relating to the financial status of the

Ceylon Electricity Board;

(d)

preliminary staff allocation to successor companies including the residual company prior to the appointed date:

Provided that, the Chief Executive Officer of the residual company established under paragraph (e) of subsection (3) of section 18 shall be responsible for the final allocation to be included in the final transfer plan and addressing staff grievances in that regard;

(e)

information relating to all pending litigation of the Ceylon Electricity Board;

(f)

information of all contractual commitments the

Ceylon Electricity Board has entered into which are required for the purpose of finalising the transfer plan required by section 18:

Provided that, the Power Sector Reforms

Secretariat shall maintain confidentiality in respect of all information received from the Ceylon

Electricity Board and use such information only for the purpose of exercising and discharging its powers and functions in terms of the provisions of this Act:

Provided further, the General Manager of the

Ceylon Electricity Board shall be responsible for providing the allocation of contractual commitments of Ceylon Electricity Board to successor companies prior to the appointed date.

Read on from s 40

Part XIV

Repeals and Transitional Provisions

Read on from Part XIV

Schedules