A delegation from the World Bank, committed to aiding the transformation of Sri Lanka's electricity sector, held constructive discussions during their visit to the Ministry of Power and Energy. The World Bank has been actively supporting the proposed reforms of the Ceylon Electricity Board (CEB) with technical expertise, particularly in assessing the financial landscape of the CEB, devising transfer strategies, and developing legal frameworks.
The high-level meeting included key figures such as Minister Kanchana Wijesekera, who oversees the Ministry of Power and Energy, and members of the World Bank delegation, consisting of energy experts and the head of the power sector reform secretariat.
The discussions between the World Bank team and Minister Kanchana Wijesekera revolved around several pivotal aspects of the electricity sector reforms in Sri Lanka. Key topics included the potential implementation of a dedicated communication platform to facilitate the dissemination of information related to reforms. Such a platform could enhance transparency and public engagement in the reform process.
Renewable energy was also a focal point of the dialogue, with talks centered on the development of competitive bidding structures to encourage the growth of renewable energy sources. Sri Lanka has been actively seeking to expand its use of renewable energy to achieve greater sustainability and reduce its carbon footprint.
Energy efficiency emerged as another critical area of discussion, with the World Bank team offering technical and financial assistance to improve energy efficiency in Sri Lanka's electricity sector. Enhancing efficiency not only reduces energy wastage but also contributes to cost savings and environmental conservation.