Click to view full size
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.”
The portable companion to gazettE. Get notifications, track read articles, and more. The latest news from Trinidad and Tobago, in one place.
Related stories
See articles related to "Gonzales to Govt: Reconsider decision to scrap plans for T&TEC, WASA"