Prime Minister Samuel Hinds believes the Guyana Power and Light Inc has been doing quite well with the hand it has been dealt.
The Prime Minister says while there is no doubt that there needs to be improvement in GPL, stakeholders cannot just throw their hands up in the air at the company.
According to the Prime Minister, the company has been doing quite well with its human and other resources.
Commenting on a recent IDB report on the company, he notes that since 1992 GPL and its predecessor – GEC – have both been under constant review of the Bank and there has been continuous focus on corporate development.
The Prime Minister made these comments at a joint meeting of the parliamentary sectoral committees on economic services and natural resources.
On the subject of losses, Prime Minister Hinds told members of the economic services committee that this cannot be placed on the utility company’s management.
He explained that over the years, underinvestment in the company has resulted in the extreme wear of equipment, while theft also remains a major concern.
At present, customers are charged 25 cents US per kilowatt hour, which the Prime Minister says when contrasted to the rest of the Caribbean compares quite well. [Delicia Fletcher]