The government has no defined plans to privatize the power company in the medium term and says GPL hopes to reduce technical and commercial losses from 33.4% at the end of 2007 to 14.65% by 2012.

Prime Minister Samuel Hinds was responding to a question posed by PNCR-1G Member of Parliament Anthony Vieira, by way of Notice Paper No. 235,  asking  him to inform the National Assembly whether the present restructuring of the Guyana Power Light (GPL), including the severing of over 200 employees, will result in better efficiency at GPL.

“Yes, that is our intention, our purpose and our hope,” the prime minister responded.   He said further that  the restructuring “is aimed at reducing  costs.  This  decision has been motivated by considerations of employees’ productivity such as employees per customer, employees per unit of energy  sold and so forth…” The written answer was circulated at Thursday’s sitting of Parliament……