In Sri Lanka, ADB’s programmatic approach and policy-based loan for the Power Sector Reforms and Financial Sustainability aims to consolidate the electricity industry reforms implemented under the Electricity Act 2009 by unbundling Ceylon Electricity Board (CEB) into wholly-owned corporate entities for generation, transmission and distribution of electricity, implementation of fully cost reflective tariffs, facilitate an enabling environment for market liberalization, and strengthen renewable energy investment activities in the country.
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