Posts Tagged ‘negotiations.’

Guyana gov’t puts electricity hike “on hold” ; opposition sees grey areas

Guyana gov’t puts electricity hike “on hold” ; opposition sees grey areas

July 25, 2012 – Demerara Waves

The Guyana government Wednesday night announced that it has put a hold on increase in electricity rates from July 1, paving the way for a technical team to examine the feasibility of a tariff hike.
The terms of reference for the Technical Team would be hammered out by representatives of government and the Region 10 Administration, according to a statement from the office of the Head of the Presidential Secretariat, Dr. Roger Luncheon.

Government also said the two sides have agreed to explore economic initiatives and business financing. The Region 10 administration, according to the government, has agreed to submit investment proposals to government by the end of August.
But A Partnership for National Unity’s (APNU) Aubrey Norton said his side remained uncomfortable with government putting on “hold” rather than “suspending” the tariff hike. Continue reading