For 2018, the Guyana Water Inc (GWI) has recorded a 10 per cent increase in revenue compared to 2017, raking in over $4 billion as more than 14,000 meters have been installed and more than 10,000 residents have been granted access to potable water for the first time around the country.
These pronouncements were made by the utility’s Managing Director Dr Richard Van West-Charles at the company’s end-of-year press conference yesterday.
“Our revenue rose in excess of $4 billion which is an increase of 10 per cent over 2017. The PUC (Public Utilities Commission) approved the harmonised tariff and implementation has commenced and you would recall they approved a fixed charge of $250 from October 2018 to October 2019 and then it goes to $500. Now, in 2018, October, November and December, the fixed charge, as we had agreed with the PUC, would be applied to the distribution network and improvements of the network and addressing some of the gaps throughout the country,” Van West-Charles said…..