Senior Political Reporter
A team headed by T&T’s High Commissioner to the UK, Vishnu Dhanpaul (the former Finance Ministry’s permanent secretary), will evaluate proposals for the Pointe-a-Pierre refinery after the end of the month. The proposals were sent forward by Trinidad Petroleum Holdings Limited (TPHL).
Tourism Minister Randall Mitchell, who gave the information in the Senate yesterday, added, “To make it abundantly clear, neither the Honourable Prime Minister nor the Minister of Energy has been involved in any request for proposals (RFP) process or any evaluation of proposal process. To date, the receipt of proposals has been handled and managed by TPHL.”
Mitchell replied to UNC Senator Wade Mark’s motion on the adjournment, which sought an update on the refinery. Mark, slamming Government for the refinery’s closure, demanded whether Government was selling it to corruption-accused Indian businessman Naveen Jindal.
He questioned how Jindal learned of the opportunity, how long talks were taking place with him, if Jindal was part of the “Venezuela-PNM connection,” and what was the role of T&T’s New Delhi High Commission and Foreign Affairs Ministry. “Come clean—are you ‘in bed’ with Jindal selling our refinery for a song and dance?” Mark demanded.
Mitchell said, “I’d ask the UNC to stop trying to malign and chase away all potential investors to T&T. You’re not doing the PNM anything; you’re acting inimical to citizens’ interests.”
Mitchell detailed the refinery’s years-long losses “beginning under the UNC in 2014,” prompting closure.
He recapped Patriotic Energies and Technolgies’ failed bids to acquire the refinery. “Government bent over backwards to work with the union company’s proposals, even agreeing to exclusivity periods, but the proposals were simply not feasible.”
Mitchell said TPHL and the Government continued to receive unsolicited proposals from many entities for restarting the refinery, and the TPHL group has continued to expend money to properly preserve it.
“TPHL set up a process that includes the use of independent advisers to analyse and evaluate proposals that have been made over time. The Government has made it clear both domestically and internationally that T&T has a refinery available for any entity that puts forward a workable and feasible proposal that makes sense,” Mitchell added.
Mitchell said that within recent months, TPHL has received a number of proposals for restarting of the refinery. “As a result, TPHL’s Board decided to have their experts, including independent international experts, evaluate the proposals with an intention to then advise the board as to the feasibility of these proposals.
“The Honourable Prime Minister, on recent working visits to Ghana and India, presented generally to audiences that T&T has a refinery available for operation.” “As a result, inquiries and expressions of interest were generated. TPHL agreed to receive proposals until the end of July, which will then be evaluated by its experts, including its independent international experts, and if there are any feasible proposals there, then to move them forward for further evaluation.” Mitchell said the Cabinet set up an official evaluation committee to be chaired by High Commissioner Dhanpaul. It will also include a permanent secretary from the Energy Ministry and other experts, including private sector experts, to evaluate any proposals for restarting the refinery that are sent forward after the end of July by TPHL.
“Accordingly, the population should ignore the Opposition UNC’s frantic, desperate ramblings surrounding the refinery’s future,” Mitchell added.
“The Government hopes that by the end of July, feasible proposals will be received to then go through the stated evaluation processes.”
In 2019, the Finance Ministry announced that Dhanpaul (then Permanent Secretary at the ministry) would lead a ten-member team to evaluate five offers for the refinery.