Advertisement
Categories: NewsPakistanWorld

Energy Minister Resigns Amid Coal Import Probe in Sri Lanka

Advertisement

Energy Minister Kumara Jayakody and ministry secretary Udayanga Hemapala resigned on Friday amid protests over coal imports for power generation. The resignations were handed over to Sri Lanka’s President Anura Kumara Dissanayake, marking the first high-profile cabinet minister resignation due to corruption allegations.

Jayakody stepped down to pave way for investigations into alleged imports of low-quality coal for Sri Lanka’s only coal-fired power plant, according to a statement from the president’s media office. The president has ordered a full-scale investigation into all coal imports dating back to 2009 and acknowledged that low-quality coal supply has impacted power generation at the state-run Lakvijaya Power Plant.

The power plant requires about 2.25 million metric tons of coal annually to meet around 40% of Sri Lanka’s power needs, as per a special audit report released earlier this month. Lower power generation prompted the country to order 300,000 metric tons of emergency coal last month and increased usage of diesel and furnace oil for thermal power to bridge the shortfall.

Sri Lanka, recovering from a severe financial crisis that peaked four years ago, imports all its fuel. Since the start of the Middle East crisis, the island nation has rationed fuel and declared every Wednesday a public holiday to manage stocks.

Advertisement
News Desk

Recent Posts

Bilawal: India Funds Terror Groups to Spark Conflict in Pakistan

PPP Chairman Bilawal Bhutto Zardari has stated India is funding terrorist organizations in Pakistan, potentially…

34 minutes ago

US Destroyers Face Renewed Iranian Attacks in Strait of Hormuz

U.S. Navy destroyers USS Truxtun and USS Mason transiting Strait of Hormuz faced renewed attack…

1 hour ago

Illicit Cigarettes Cost Pakistan Rs350 Billion Annually

Illicit cigarette trade in Pakistan is estimated to cause an annual revenue loss of about…

2 hours ago

AJK PM Fires Chaudhry Rashid Amid PML-N Meetings

Azad Jammu and Kashmir Prime Minister Faisal Mumtaz Rathore dismissed Chaudhry Muhammad Rashid from his…

3 hours ago

Tehran Unresponsive to US Proposals, Says Baghaei

Iran's Foreign Ministry Spokesperson Esmaeil Baghaei stated that Tehran is still reviewing proposals from the…

4 hours ago

IMF Warns of AI-Powered Threats to Global Financial System

The International Monetary Fund (IMF) has issued a warning about potential risks to global financial…

4 hours ago