GPL payment to Giftland for power

Dear Editor,

Giftland notes with alarm recent press reports alluding to being paid $35 million a month from GPL for the supply of power. We would like to correct this disinformation which is being taken out of context.

If GPL were to take $35 million worth of power then the fuel requirement for that would be around $26 million. The remaining funds would be split between wages, parts, depreciation

& servicing for 5 MW engines being run 24/7.

Yours faithfully,

Roy Beepat,

Chairman of the Giftland Group of

Companies