Sri Lanka’s electricity sector is set for reforms aimed at reducing generation costs and lowering consumer bills, according to the Minister of Energy, Anura Karunathilake.

The restructuring program includes measures to increase renewable energy contributions and enhance hydropower efficiency, which the Minister noted would help reduce electricity bills in the future.

Speaking at a ceremony held on Friday (15) to grant financial compensation to employees who voluntarily retired under the electricity sector restructuring program, the minister stressed the government’s commitment to efficiency and service delivery.

“In restructuring the Ceylon Electricity Board, one of the main points we expected was to improve efficiency. Accordingly, by appointing new institutions that provide higher-quality services to consumers, we are working to fulfil the promise made to the people of the country during the restructuring. Likewise, within this restructuring program, we have been able to fulfil the promises given to employees as well. Today, I wish that all your expectations and good dreams, as you receive retirement compensation, will be fulfilled in that way,” he said.

On Friday, financial compensation was awarded to 1,898 employees who opted for voluntary retirement, at a ceremony held at the EDL D4 auditorium in Dehiwala.

Deputy Minister of Power Arkham Ilyas, along with heads of subsidiary institutions of the Ceylon Electricity Board, also attended the event. (Newswire)

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