The former Minister of Public Utilities, Marvin Gonzales, says while the Government's decision to not implement the recommended rate increase for T&TEC customers is appealing to citizens, it is not financially feasible for the country.
Speaking on CNC3's The Morning Brew show today, Gonzales noted that the state-owned Trinidad and Tobago Electricity Commission (T&TEC) already is indebted to the National Gas Company (NGC), with no feasible plan to generate revenue.
“It cannot be sustained,” he asserted. “The Government is funding T&TEC to the tune of billions of dollars. The amount of money we subsidise in the generation of gas … T&TEC is not paying NGC money for the gas they consume to generate electricity.”
“From my last count, T&TEC is owing NGC over $3 billion to $5 billion,” he revealed. “So, T&TEC is not paying for the gas.”
And the former Public Utilities Minister is once again calling on Prime Minister Kamla Persad Bissessar and Public Utilities Minister Barry Padarath to reconsider their decision to scrap the restructuring plan for the Water and Sewage Authority (WASA), which was created under the former administration.
Gonzales says the plan—which is supported by an $80 million dollar loan from the Inter-American Development Bank (IDB)—is in the best interest of the citizens of this country.
“A number of key recommendations were made to transform the Authority to ensure that all citizens—regardless of wherever you are, political party that you support, or your geography wherever you are located—would receive a supply of water,” Gonzales told Guardian Media.
So important was that plan, and so compelling was it that the IDB examined it and offered the Government of Trinidad and Tobago financial support to implement the recommendations in the plan, so that the people of Trinidad and Tobago could have a supply of water as well as wastewater services.”
Last Friday, Prime Minister Kamla Persad Bissessar publicly destroyed the documents containing the transformation plan for WASA proposed by the former PNM Administration.
The former Public Utilities minister is concerned that current administration is being blinded by political considerations, rather than focussing on ensuring the upgrading and modernising of water supplies and wastewater management in T&T.