MEASUREMENT OF RELATIONSHIP OF POWER SECTOR REFORMS AND SOCIAL ASPECT OF CORPORATE SUSTAINABILITY OF ELECTRICITY GENERATION OF SRI LANKA - EXPLORATORY FACTOR ANALYSIS

Abstract

Sri Lanka has monopolistic regulatory electricity sector, which has no competition within the electricity business. Hence the introduction of power sector reforms (PSR) to the electricity sector became important as it allows competition, regulation of the sector and improves the efficiency of the sector. With the enactment of the Sri Lanka Electricity Act, reforms were introduced in 2009. However, it has not been clearly identified or recognized whether we can improve the social aspect of electricity generation in order to improve the corporate sustainability (SACS) through the so introduced sector reforms. Since reforms were introduced way back in 2009, it is vital to understand their impacts. Therefore, in order to study and measure