The Mayor and City Council (M&CC) yesterday announced that it has exchanged cheques with the Guyana Power and Light (GPL) for the sum of $29 million and has managed to secure a delay in its June 15 disconnection date following negotiations which were held on Wednesday.
The council will also be paying GPL its monthly payment of $7 million in keeping with a prior arrangement. It still owes the power company over $1 billion.
The $29 million paid by GPL was for the company’s rates and taxes owed to the
