Sri Lanka Electricity (Amendment) Bill passed in Parliament without amendments.

COLOMBO (News 1st); The Amendment to the Electricity Act was passed in parliament on Thursday (9) after 9 years.

"The amendment was essential to the quick development of the Renewable Energy plans. I intend to keep the public informed of investments and plans for renewable energy," said Energy Minister Kanchana Wijkesekera following parliament sessions on Twitter.

The Sri Lanka Electricity (Amendment) Bill to Amend the Sri Lanka Electricity Act No. 20 of 2009 was passed with a majority in Parliament without amendments.

The Minister also tweeted "Hope to encourage Foreign direct investments as well as opportunities to local developers to participate in the Renewable Energy Plans. Least cost Generation Tariffs will be negotiated by CEB, CB, Treasury, SEA, PUCSL officials with a formula and base prices for all projects."