(Kaieteur News) – A leadership team from the Guyana Power and Light Incorporated (GPL) visited the Skeldon Energy Inc (SEI), following its acquisition of the company from the National Industrial and Commercial Investments Limited (NICIL).

The team included leader of GPL’s management committee, Mr. Kesh Nandlall; director, Mr. Gary Hall; and GPL Berbice Zone Manager, Mr. Ravindra Jagnanan.

In a statement Wednesday, the power company said, “The acquisition forms part of the Government of Guyana’s efforts to consolidate operations and achieve greater cost efficiencies in the energy sector. Cabinet approved GPL’s acquisition of the 55.5 per cent shareholding in SEI previously owned by the National Industrial and Commercial Investments Limited (NICIL). Additionally, GPL already owned 44.5 per cent shareholding in SEI.”