Negotiations between Guyana Power and Light (GPL) Incorporated and Turkish energy company Karpowership’s new agreement for the continued supply of electricity is 99 per cent complete, according to Public Utilities Minister Deodat Indar.

Although the Minister had indicated that GPL would issue a statement by Friday outlining the outcome of the negotiations and the way forward, no such statement had been released up to Saturday evening.

Nevertheless, providing an update on the negotiation, Indar declined to discuss the substance of the talks but explained that the negotiations were being conducted by GPL and Karpowership and should be allowed to conclude before details are made public.