President Ramotar says GPL rental costs are disturbing, if true
US$900,000 generator rented for US$720,000 annually…
President Donald Ramotar yesterday toured operations of the cash-strapped Guyana Power and
Light Company (GPL) and did not dismiss questions raised about the lack of prudent spending at the utility.
“If what they say is true, it is obviously something to be concerned about,” Ramotar said regarding statements by GPL officials that a new Caterpillar generator costs US$900, 000, but the company rented 12 generators last year at a cost of US$720,000 each.
The revelation comes at a time when GPL is lamenting a mammoth fuel bill coupled with a growing demand for electricity.
The government plans to plough $6 billion into the company this year, saying this is meant to address its financial constraints and avoid already burdened consumers from paying higher electricity tariffs.
Ramotar toured the major operations of the company, namely its Kingston and Sophia operations in Georgetown, and those at Garden of Eden, East Bank Demerara.
source KN.