GPL rolls out its top brass to complain about the budget cuts and its impact on the company – 22nd Apr 2013
The Guyana Power & Light company, today, rolled out its top brass to complain about the budget cuts and the impact the cuts will have on the utility. Chairman of the Board, Winston Brassington, said, that the company may be forced to increase tariffs by some 17%, cut capital programmes, shift resources and reduce the cost of generating. He said they may have to shut the doors on taking new services, since the metering programmes will also be affected. Brassington said the 5.2 billion dollars that was slashed from GPL’s budget will make it difficult for the company to complete some of its existing programmes.
Chief Executive Officer of GPL, Bharat Dindyal, went after the Alliance For Change, saying their decision to cut the subsidies of GPL, was done out of total ignorance and misunderstanding on their part. He was making reference to an article that appeared in the press, relating to the daily operations of the utility.
The company is saying that some 78% of its overall income goes toward fuel supply, while 14% of that amount is for wages and salaries.
The GPL board is hoping that the opposition can have a rethink of its position, since according to the utility company, the cut will put the company in a difficult position.