As stated by the ADB, the proposed programmatic approach and policy-based loan (PBL) for the Power Sector Reforms and Financial 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.
The program outputs contribute to ADB's Strategy 2030 operational priorities by Strengthening Governance and Institutional Capacity and enhancing environmental sustainability. The program is also consistent with ADB's country partnership strategy pillars 1 and 2, and three thematic pillars .
The ADB categorized the project risk as follows:
ADB Team Leaders:
Jaimes Kolantharaj - Senior Energy Specialist
Sajid Raza - Senior Financial Management Specialist
No contacts provided at the time of disclosure.
Executing Agency - Ministry of Finance, Economic Stabilization and National Policies:
Address: The Secretariat, Colombo 01, Sri Lanka
Phone: +94 112 484 500 / +94 112 484 600 / +94 112 484 700
Fax: +94 112 449 823
ACCESS TO INFORMATION
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ADB has a two-stage appeals process for requesters who believe that ADB has denied their request for information in violation of its Access to Information Policy. You can learn more about filing an appeal at: https://www.adb.org/site/disclosure/appeals
ACCOUNTABILITY MECHANISM OF ADB
The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main.