Sri Lanka’s water, petroleum to be brought under power regulator, PUCSL

 

 

Jan 05, 2016 (LBO) – Sri Lanka’s water and petroleum sectors will be regulated by the Public Utilities Commission of Sri Lanka (PUCSL), a statement said.

“The PUCSL would be given regulatory powers over the water services industry and petroleum industry enabling a more cost reflective transparent pricing mechanism,” the commission said in its activity plan for 2016.

The PUCSL now regulates the electricity sector.

It said that the government provided policy and legislative backing through its 2016 budget presented in November 2015 to broaden and strengthen the commission.