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
