US$64M cleared for GPL improvements

-830 km of distribution network to be rehabilitated with IDB/EU funds

As announced recently by the Guyana Power and Light (GPL), the IDB and the EU have put together a US$64M financing programme to cut the utility’s losses among other areas.

The Power Utility Upgrade Programme (PUUP) is the latest in a series of expensive financing packages for the utility which has struggled for decades to tame line and commercial losses without much success.

An Inter-American Development Bank (IDB) press release issued yesterday said that the bank has approved loans totalling approximately US$37.6 million and has also secured non-reimbursable investment financing from the European Union (EU) to the tune of US$26.9 million to “help boost the efficiency and reliability of Guyana’s power system through electricity loss reduction measures, improvements in 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 We moderate ALL comments, so your comment will not be published until it has been reviewed by a moderator.