Cabinet approves CEB’s generation plan till 2041

The Government has issued ‘General Policy Guidelines’ for the electricity industry enabling the Ceylon Electricity Board (CEB) to formulate the minimum cost long-term generation plan from 2022 to 2041 according to these guidelines.

Cabinet approval was granted at the meeting held on September 13, 2021 to obtain 70 percent of the electricity generation from renewable energy by 2030 and not to establish new coal power generation plants in future and to neutralize the net Carbon emissions during power generation by 2050.

At the same meeting, the Cabinet of Ministers decided to release “General Policy Guidelines” for the electricity industry should be released in par with the said decision of the Cabinet of Ministers while Ceylon Electricity Board shall formulate the minimum cost long-term generation plan applicable to the period 2022 to 2041 as per the said guidelines. Accordingly, Cabinet granted approval to the ‘General Policy Guidelines for the Electricity Industry’ prepared subject to Section 5 of Sri Lanka Electricity Act No. 20 of 2009 as per the resolution tabled by the Electricity Minister and to table the said guidelines in Parliament.