CEB Engineers Flag Major Flaws in Energy Reform Transfer Plan 🚨

The Ceylon Electricity Board Engineers’ Union (CEBEU) has called for immediate intervention from the Sectoral Oversight Committee, alleging serious legal and procedural violations in the ongoing electricity sector reform process. • Legal Violations: CEBEU states the reforms violate the Sri Lanka Electricity Act No. 36 of 2024 and the Electricity (Amendment) Act No. 14 of 2025. • Transfer Plan Dispute: The core issue is the Preliminary Transfer Plan (PTP)—a mere 10-page document outlining the transfer of CEB assets and liabilities to new companies. • Lack of Consultation: The PTP draft was reportedly rushed for internal comment (4 working days) and approved by the Minister of Finance on 11 Oct without any stakeholder consultation with employees or unions. • Statutory Deficiencies: The PTP allegedly fails to meet key statutory requirements, lacking critical details on: • Asset/liability allocation and valuation. • Financial plans for successor companies. • Framework for employee transfers and pension fund contributions. • Structural Issues: Only four of the six planned successor companies have been incorporated. • Union Warning: CEBEU warns that implementation of the PTP in its current form could lead to the entire electricity sector facing "collapse" due to the Ministry's handling of the process. The union urges a review and proper consultation.