Chairman of the Guyana Power and Light (GPL) Winston Brassington says the company is assessing the full impact the $1 billion budget cut will have on its ability to hold to its current tariff – in the light of sustained increases in fuel prices – and to do maintenance.
“The first thing to get cut would be maintenance,” said Brassington, speaking yesterday at a public presentation, one of three per year as mandated by amended electricity sector regulations, held at the Regency Hotel on Hadfield Street. Further, he said that the company’s investment programme will also take a hit because of the cut in the allocation for the company.
During the examination of the estimates in April, the combined opposition voted to slash $1 billion from a proposed $6 billion subsidy for GPL. Prime Minister Sam Hinds and CEO of GPL Bharat Dindyal are on