In addition to drastically cutting the cost of production, boosting sugar yields and expanding the range of value-added sweeteners among other measures, GuySuCo can sell additional cogenerated power to the national grid as a means of returning to profitability, according to its former Chairman Vic Oditt.
In a recent presentation at a seminar at Moray House and encapsulated in a letter in yesterday’s Sunday Stabroek, Oditt also said that GuySuCo should not be characterized as bankrupt as its convertible assets are far greater than its debt.
Oditt, Chairman of GuySuCo from 1993 to 2003,
