Probe into Lanka Coal Ltd. Extended to Dec 16 ⚖️

President Anura Kumara Dissanayake has extended the term of the Special Presidential Commission of Inquiry investigating alleged irregularities at Lanka Coal (Pvt) Ltd until 16 December 2026 via Extraordinary Gazette No. 2510/81. • Investigation Scope: Covers alleged illegalities and procurement irregularities in coal imports and coal-based electricity generation from the inception of coal power generation up to 16 April 2026. • Commission Structure: Led by a 3-member judicial panel comprising Supreme Court Judge Gihan Kulugammana, Court of Appeal Judge Aditya Karunaratne, and High Court Judge Sanjeewa Somaratne. • Financial Impact: The extension follows a recent parliamentary report detailing significant losses at the Lakvijaya Power Plant due to substandard coal supplied between Jan and Sep 2026: • Rs. 7.1 Bn in excessive coal consumption • Rs. 8.6 Bn in replacement power costs • Rs. 2.3 Bn premium on emergency procurement