Substandard coal imports linked to Rs. 18.3 billion loss, Parliament told

Daily FT reports that S.M. Marikkar, chairman of Parliament’s Sectoral Oversight Committee on Infrastructure and Strategic Development, presented an expert committee report on losses linked to inferior-quality coal. Daily Mirror says Marikkar addressed Parliament on the issue.

Daily FT, Ada Derana, Newswire and Daily Mirror report the estimated loss or cost at about Rs. 18.3 billion. Ada Derana attributes the figure to substandard coal and emergency purchases, while Newswire describes the amount as losses and additional costs associated with substandard imports and shipments.

Daily Mirror had earlier reported that a parliamentary committee report found more than Rs. 15 billion in additional spending was needed for power generation. The reports do not explain the difference between that figure and the later Rs. 18.3 billion estimate.

Written automatically by AI from the outlets’ own reports, and not reviewed by an editor. It can be wrong — the original report is the authority.