Parliament informed of Rs. 18.3 billion loss due to substandard coal imports and emergency purchases
Sri Lanka has incurred an estimated loss of Rs. 18.3 billion, or Rs. 18.36 billion, linked to substandard coal imports and emergency purchases. This information was presented to Parliament by S.M. Marikkar, Chairman of Parliament’s Sectoral Oversight Committee on Infrastructure and Strategic Development and an SJB MP.
Marikkar tabled an expert committee report on these losses. The report, dated 7 October 2026, details additional costs and financial losses from the use of substandard coal, amounting to Rs. 15.7 billion between 1 January and 15 September.
The reported losses are attributed to both the import of inferior-quality coal and subsequent emergency purchases.
Why it scored 8/10: The event signifies a major national economic impact due to substantial financial losses from government procurement, reported by multiple credible sources converging quickly.
Reported by 3 sources
- Substandard coal imports linked to Rs. 18.3 billion loss, Parliament told Newswire · 1d ago
- Substandard coal and emergency purchases caused Rs. 18.36 billion loss: Marikkar Ada Derana · 1d ago
- Loss from inferior coal tops Rs. 18.3 b Daily FT · 14h ago