CEB Restructuring: Six Successor Companies to be Established from March 9 📈

The Minister of Energy has issued a Gazette Extraordinary to officially restructure the Ceylon Electricity Board (CEB), effective March 09, 2026. This move transitions the state utility into a new era of power sector management under the Sri Lanka Electricity Act, No. 36 of 2024. • New Structure: The CEB’s functions will be unbundled into six successor companies. These entities will independently manage electricity generation, transmission, distribution, and system operations. • Regulatory Milestones: The transition follows the completion of the Preliminary Transfer Plan (Jan 2026) and Cabinet approval of the National Electricity and Tariff Policies (March 2026). • Operational Planning: Key technical frameworks, including the Long Term Generation Expansion Plan and the Annual Power Procurement Plan, were finalized in February 2026 to ensure a smooth handover. • Economic Impact: This restructuring aims to modernize Sri Lanka's energy infrastructure, improve operational efficiency, and create a more transparent framework for utility management and tariff setting. The move marks the formal commencement of transferring assets and duties from the legacy CEB to the new corporate entities.