[Sri Lanka] - Sri Lanka Electricity Bill passed with modifications

INSUBCONTINENT EXCLUSIVE:
was presented to the parliament by Power and Energy Minister Kanchana Wijesekera on April 25
It was published in the government gazette on 17 April.The Bill seeks to provide for the establishment of the National Electricity Advisory
Council and make the Public Utilities Commission of Sri Lanka (PUCSL) the regulator for the electricity industry in terms of the proposed
legislation.Further, it seeks to provide legislative measures applicable to the incorporation of corporate entities, in which all activities
connected to the generation, transmission, distribution, trade, supply and procurement of electricity are vested.In addition, the Bill also
provides for the repealing of the Ceylon Electricity Board Act, No.17 of 1969 and the Sri Lanka Electricity Act, No.20 of 2009.However,
several parties challenged the proposed bill before the Supreme Court, following which the court informed the Parliament that several
stated that these clauses shall only be passed by a special majority of Parliament, and that one clause requires approval through a
referendum, the Speaker informed the House