GPL to invest US$60 million in fighting losses
At a public forum today, Bharrat Dindial, Chief Executive Officer of GPL, announced a loss reduction plan that will cost US$60 million. It will effectively be one of the largest projects in this part of the world to cut losses.
In electricity supply, losses refer to the amounts of electricity injected into the transmission and distribution grids that are not paid for by users. Total losses have two components: technical and non-technical. Technical losses occur naturally and consist mainly of power dissipation in electricity system components such as transmission and distribution lines, transformers, and measurement systems. Non-technical losses are caused by actions external to the power system and consist primarily of electricity theft, non-payment by customers, and errors in accounting and record-keeping.
Meanwhile, Dindial announced good news for the people of the Essequibo Islands of LEguan and Wakenaam. The two islands are expected to get 24/7 electricity by the end of the year with the installation of new machines. IN addition, the 20 year old plant on the Essequibo Coast is being replaced.
And Bartica in Region Seven is also slated for a new electricity plant to replace the existing diesel plant.
Dindial said that GPL is in the final phase of its overall infrastructure development programme.