The restructuring programme of the Ceylon Electricity Board (CEB) has entered its final stage, with the official announcement on the liquidation of the utility expected by the end of this month.
The restructuring process is being implemented in five phases, of which four have already been completed, according to the CEB Transformation Task Force.
Task Force Head Pubudu Niroshan said the completed phases include the Basic Assignment Plan, Annual Power Procurement Plan, Long-term Generation Plan and the Long-term Transmission Development Plan.
He added that the final phase — the formulation of the National Electricity Policy and the National Electricity Tariff Policy — is currently under way and is scheduled to be finalised by the third week of February.
Following the completion of this phase, the date for the liquidation of the Ceylon Electricity Board will be officially announced by the end of February, he said.
Meanwhile, compensation payments to employees who applied for voluntary retirement under the restructuring programme are also due to be made.
A total of 2,173 CEB employees had applied for voluntary retirement, of whom 20 have since withdrawn their resignations. Accordingly, 2,153 employees have been approved for voluntary retirement and are scheduled to receive their compensation payments.
