Public Utilities Minister Colm Imbert says Trinidad and Tobago is years away from increasing water rates.
Imbert opted to refute claims made at a United National Congress political meeting, which suggested the People’s National Movement-led Government would immediately increase water and electricity rates if re-elected in the April 28 General Election.
“Let me clarify what’s happening there as well. The process of determining an agreement starts with the publication by the RIC of its rules, its framework and its approach to a price reform. Then there are a number of consultative documents which inform the RIC on how it’s going to approach price reform. The first thing a utility has to do is to submit a business plan, and of course, the Regulated Industries Commission will look at it, check it, ask a number of questions,” said Imbert at the Trinidad and Tobago Chamber of Industry and Commerce Annual Business meeting at the Hyatt Regency yesterday afternoon.
Imbert confirmed that the Water and Sewerage Authority submitted a business plan last November, but there had been little progress since then.
“WASA has submitted a business plan and submitted it in November of 2024 but the Regulated Industries Commission has asked WASA a series of questions, and WASA has not yet submitted the responses. I’m told they will submit it this week, and then there may be another round of discussion between the Regulated Industries Commission and WASA with respect to that business plan. After the business plan is accepted, you have public consultation, then you have draft determination again, more public consultation, and then the final determination,” said Imbert.
He added, “I want to debunk what I saw on television... I found that was a strange thing for the Opposition MP to say, that as soon as the PNM wins the next election we will immediately increase water rates and electricity rates. Absolute nonsense. With respect to WASA, we’re years away from even that determination with respect to supply.”
Imbert, however, felt that reform was needed for both the Trinidad and Tobago Electricity Commission (T&TEC) and WASA, as he noted that the Trinidad Generation Unlimited Plant was still undergoing modernisation upgrades to avoid the major blackouts experienced in 2013 and 2022.
Imbert also publicly endorsed his replacement in the Ministry of Finance Vishnu Dhanpaul, who he said had been crucial to the ministry’s operations in the past decade.
“Mr Dhanpaul is very much, very informed in terms of what we have been doing for the last nine and a half years, and I have total confidence in him to continue the work we’ve been doing in the Ministry of Finance,” said Imbert.