Reviewing progress on the Ceylon Electricity Board restructuring programme
Progress on the restructuring of CEB was discussed Friday(10). ADB, World Bank, USAID & JICA has communicated the assistance they can offer. Assistance will be obtained for Financial audits, Human Resource audits, Assets audits & legal expertise under the assistance offered by the development agencies. Roadmap & timeline will be submitted to the Cabinet on the process. Reforms that can be implemented before the final Act, will be initiated next week. As a first step of such reforms, collective agreements will be not renewed & terminated and new policy decisions related to the management of CEB accounts to reduce costs will be initiated.