Georgetown : The Alliance For Change (AFC) today says the party continues to monitor the performance of the Guyana Power & Light (GPL) and note with deep concern the disclosure from the just released 2011 Annual Report.
The AFC is of the understanding that fuel prices are predicted to reduce by some 8-9 percent over 2013 as compared to 2011/2012 prices and this situation should provide saving for GPL to the tune of some G$1.5 billion over the year 2013. If this is coupled with an aggressive operational plan to attack commercial theft, the company can easily add benefit from an aggregating annual savings of G$3.5 billion over 2013 which will go a far way in strengthening the financial operations at the GPL.
The party questions why the Chairman of GPL calling for a reversal of the G$5.2 billion slashed from their subvention? The AFC is of the view that with a projected Revenue for 2013 of just over G$30 billion and with an 8-9% reduction in the cost of fuel, GPL is well position to implement its program of operations successfully over the year 2013 without a further cent from the taxpayers.
The AFC looks forward for the Hon. Prime Minister to lay the turnover plans of GPL in Parliament. The AFC advises the PPP Government to seek alternative advice from other stakeholders especially the professionals at the University of Guyana (UG) and the Guyana Association of Professional Engineers (GAPE) and the Institute of Chartered Accountants of Guyana (ICAG) on techniques at improving their operations with an objective of controlling their operating cost.
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