Ali promises private sector 60% cut in energy costs over three years

President Irfaan Ali

President Irfaan Ali yesterday promised the private sector that his government will be responsive to their concerns and inclusive of their ideas. He further promised a reduction in the cost of energy by 60% over the next three years and a revision of legislation to reduce the time for the granting of a construction permit to three months.

“The opportunity that lies ahead for Guyana gives us an opening for a new approach, a results-driven approach to private sector advancement and development,” he explained during the 28th Annual General Meeting of the Private Sector Commission (PSC).

The AGM which was held virtually was attended by approximately 50 representatives of the private sector and diplomatic community.