Business Standard

Sri Lanka amends law to eliminate competitive bidding for energy projects

The move to remove competitive bidding for energy projects has run afoul of the Opposition parties and electricity board trade unions

Adani group, adani enterprises
Premium

Adani group signs agreement with Sri Lanka's CEB

BS Web Team New Delhi
Sri Lanka amended its electricity legislation to get rid of competitive bidding for energy projects on Thursday. The move invited criticism from the Opposition parties. Even though the trade unions in the state-run Ceylon Electricity Board (CEB) resisted the move strongly, a majority of the MPs voted in its favor for the amendments under the Sri Lanka Electricity Act.

CEB union on Wednesday warned the incumbent government of an indefinite strike to protest the new legislation. The trade union further added that they are against the decision

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in