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Through government financing, the Guyana Power and Light (GPL) said at a media engagement on Tuesday, that it has invested almost US$225M into the provision of electricity in the past seven years.GPL Chairman Winston BrassingtonChairman of the GPL board,Steve Bartkowski Falcons Jersey UK, Winston Brassington,Antonio Brown Steelers Jersey UK, said that from 2006 to 2012, the funding has been facilitated at a three percent rate by Petro-Caribe Facility,Taylor Gabriel Falcons Jersey UK, China Import-Export Bank (CHEMIX) and the Inter-Developmental Bank (IDB).In improving service provision,LeGarrette Blount Patriots Jersey UK, Brassington said that US$18M of the funds was placed into generation which included investments to strengthen GPL’s Wartsila ability.Wartsila plants will be increased from 40 megawatts in Demerara to 105 megawatts,Ross Cockrell Steelers Jersey UK, a capacity the chairman said, that would be achieved towards year end following the completion of the Vreed-en-Hoop plant.Additionally,Morgan Burnett Packers Jersey UK, Brassington said that before the year is out, Berbice would be integrated into the Demerara grid as part of the new investments, with seven new sub-stations being built.Brassington related that transmission and distribution also accounted for US$13B of GPL’s investments,Mike Webster Steelers Jersey UK, while $1.8B was further invested into metering.For last year alone, it was revealed that at least US$50M was invested in GPL,Rob Gronkowski Patriots Jersey UK, while 2009 saw the largest sum being invested in capital expenditure.From 2012,Sammie Coates Steelers Jersey UK, GPL statistics showed that GPL had been getting money from elsewhere apart from the IDB, the government and self generated funds. |
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