M&CC, GPL debt issues still exist

Aug 12, 2012 News

– $30M cheque exchange.delayed

State-owned Guyana Power and Light Inc. (GPL) has signaled its intention to begin “selective disconnection” of power, through Mayor and City Council (M&CC) properties, if attempts aren’t soon made by that entity to balance outstanding payments.
GPL’s Chief Executive Officer (CEO) Bharat Dindyal disclosed that the amount owed by City Council exceeds the initial figure presented in the recently disclosed investigative report done by Ramon Gaskin.
The probe which was launched in March of this year was orchestrated by Chairman of the Implementation Committee, Keith Burrowes.
Gaskin’s report resulted in six persons being sent on leave to facilitate further investigations based on the findings of his report.
The report had indicated that M&CC owes GPL $682M.
However, Dindyal said that the figure is now “almost a billion, it’s about $925M;” while sources at City Hall gave a direct figure of $924,169,735.
Dindyal said that the indebted figure is an accumulation of monies owed over the last 10 years approximately.
The CEO divulged that as recent as three weeks ago, he and top members of the council engaged in a meeting that resulted in the decision for “proposals” to be made so as to systematically settle the account. However, Dindyal said, the proposals are yet to materialize.
He said that if City Hall does not begin to make payments, GPL will be forced to take “due actions” that would result in “selective disconnections.”
Acting Town Clerk, Carol Sooba, confirmed that there was a recent meeting for negotiations but indicated that “too much one-sided reports are being made.”
Sooba said that GPL also owes City Hall for outstanding rates and taxes that GPL would have inherited from Guyana Electricity Corporation (GEC).
Faced with the question as to what is the direct figure owed by GPL, Sooba said that she is not equipped with the direct figure, but estimated it at over $780M.
According to the official, an exchange of cheques was scheduled for this week, however, the fact that the Treasurer who was sent on leave did not do the necessary handing over, coupled with the hustle to pay out salaries following the recent protest, is what caused the delay.
She indicated that the agreement was for a $30M cheque exchange.
She said that the council is committed to settling the account. However, “corruption is too much.”(Abena Rockcliffe)

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