Up to US$100M more needed for GPL losses, PM says
- Gaskin sees money wasting
GPL’s Chinese-funded US$45 million Transmission Upgrade programme will not put an end to the company’s technical losses says Prime Minister Samuel Hinds who adds that about US$100 million more will be needed to work on secondary distribution circuits and feeders.
Technical losses account for about 14 per cent of the company’s total losses – 31 per cent.
In a letter in the February 2 edition of the Sunday Stabroek, the Prime Minister also reiterated that commercial losses, which accounts for 16 per cent of total losses, can be sufficiently mitigated by a “sophisticated (metering) system” at the cost of US$75 million, but said that the company is …..To continue reading, login or subscribe now.