GPL gets US$60M to cut losses

Guyana Power and Light Inc (GPL) Chief Executive Officer Bharat Dindyal yesterday announced that the company is expected to receive US$60M from the Inter-American Develop-ment Bank (IDB) and the European Union (EU) for infrastructural improvement which will address the long-running problem of technical losses.

The announcement comes weeks after GPL was rapped by the Public Utilities Commission (PUC) regarding its $7B in system losses for 2013.

In a public presentation led by GPL’s key Directors at Duke Lodge yesterday, Dindyal announced that with the approval of the US$60M, the company will tackle the huge problem of system losses from a technological standpoint. The funds have been approved for network and infrastructural support to reduce system losses in Guyana’s Power Supply System. Dindyal called the loan the …..To continue reading, login or subscribe now.



Join the Conversation

After you comment, click Post. If you're not already logged in you will be asked to log in or register.

The Comments section is intended to provide a forum for reasoned and reasonable debate on the newspaper's content and is an extension of the newspaper and what it has become well known for over its history: accuracy, balance and fairness. We reserve the right to edit/delete comments which contain attacks on other users, slander, coarse language and profanity, and gratuitous and incendiary references to race and ethnicity. We moderate ALL comments, so your comment will not be published until it has been reviewed by a moderator.