As enacted

Contents

22. Amendment of the Schedule I to the principal enactment

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

Schedule I to the principal enactment is hereby amended as follows: -

(1)

by the repeal of item (a) of that Schedule and the substitution therefor, of the following item: -

“(a) one company (hereinafter referred to as the “Generation Company”) of which one hundred per centum of the shares are held by the Secretary to the Treasury to take over the assets, liabilities and functions of the Ceylon Electricity

Board, as referred to in the preliminary transfer plan, relating to –

(i)

the hydropower generation;

(ii)

Norochcholei

Lakvijaya

Coal

Power

Plant and

Lanka Coal Company (Pvt)

Limited;

(iii)

the thermal power generation other than coal power generation;

(iv)

the Mannar Thambapavani

Wind Power Plant; and

(v)

Trincomalee

Power

Company Limited;”;

(2)

by the repeal of items (b), (c) and (d) of that

Schedule;

(3)

by the repeal of item (e) of that Schedule and the substitution therefor, of the following item: -

Act, No. 14 of 2025

“(e) one company of which one hundred per centum of the shares are held by the

Secretary to the Treasury to take over the assets, liabilities and functions of the

Ceylon Electricity Board, as referred to in the preliminary transfer plan, relating to –

(i)

the development, maintenance and operation of the physical infrastructure that makes up the

National Grid of Sri Lanka;

(ii)

other selected assets, functions and activities; and

(iii)

LTL Holdings Limited and Sri

Lanka Energies (Pvt) Limited;”;

(4)

by the repeal of item (g) of that Schedule and the substitution therefor, of the following item: -

“(g) one company (hereinafter referred to as the “Distribution Company”) of which one hundred per centum of the shares are held by the Secretary to the Treasury to take over the assets, liabilities and functions of the Ceylon Electricity

Board, as referred to in the preliminary transfer plan, relating to –

(i)

the distribution divisions namely Division 1, Division 2,

Division 3 and Division 4;

Act, No. 14 of 2025

(ii)

other selected assets, functions and activities; and

(iii)

Lanka

Electricity

Company

(Pvt) Limited;”;

(5)

by the addition immediately after item (h) of that

Schedule, of the following new item: -

“(i) (i) such number of companies to take over the generation functions of the

Generation Company as referred to in the final transfer plan;

(ii)

such number of companies to take over the distribution functions of the distribution divisions of the

Distribution Company as referred to in the final transfer plan.”.

Read on from s 23