Sri Lanka Consolidated Acts

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Electricity Reform Act (No. 28 of 2002) - Sect 18

assignment of licences

18.
(1) A licence shall be capable of being assigned either in whole or in part if it includes a condition authorizing such assignment.
(2) A licence shall not be capable of being assigned except with the consent of the Commission.
(3) in deciding whether to give its consent under subsection (2), the Commission shall the same criteria as it would apply if it were deciding whether to grant a corresponding licence or part of a corresponding licence to the assignee.
(4) A consent under subsection (3) may be given subject to the assignee agreeing to -
(a) such modification of the condition of the licence or the imposition of such further conditions as the Commission considers necessary for the purpose of protecting the interest of consumers ; and
(b) such incidental or consequential modification of condition as the Commission consider necessary.
(5) A licence may include conditions authorising assignment subject to compliance by the assignee of certain specified conditions.
(6) an assignment or purported assignment, of a licence shall be void -
(a) if the licence is not capable of assignment ;
(b) if the assignment. or purported assignment, is in breach of a condition of the licence ; or
(c) if there has been, before the assignment of purported assignment, a contravention of a condition subject to which consent was given under subsection (2).


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