The Hon. Kumara Jayakody
Kumara Jayakody clarified that the six proposed companies would be fully Treasury-owned, despite being registered as private limited companies under the Companies Act, No. 7 of 2007. He said the CEB had proposed a 6.8 per cent tariff increase, but the PUCSL, acting within its regulatory mandate, decided there should be no increase, and he undertook to table detailed figures if a question is submitted.
Verbatim record (translated)
Machine-translated from Sinhala / Tamil / English¶ 01 Hon. Speaker, to clarify first: there is no gap between Government and Commission—they are both State. The six companies will be 100 per cent Treasury-owned. They are registered as private limited companies under the Companies Act, No. 7 of 2007, but remain fully State-owned.
¶ 02 On the tariff proposal, based on CEB statistics, they proposed a 6.8 per cent increase. The PUCSL’s mandate is to regulate and decide in the public interest. It analyzed the proposal and decided there should be no increase. We respect that. If the Hon. Member submits a question, I can table the detailed figures.
Provenance
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- Hansard, Wednesday, 22 October 2025 ·No. 22638 ·English daily/uncorrected Hansard
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/lk/speeches/12291
Cite as: The Hon. Kumara Jayakody. 10th Parliament, Parliament of Sri Lanka. Hansard, 22 October 2025. No. 22638. Politick, https://staging.politick.io/lk/speeches/12291