The Progressive Liberal Party is very deeply concern over the critical state of the Bahamas Electricity Corporation and the constant misleading statements by Minister Earl Deveaux, Jr Minister Phenton Neymour and Chairman Michael Moss. Neymour recently told the public that BEC was again profitable yet our sources tell us that BEC currently owes it Oil Supplier over $100,000,000, One Hundred million Dollars.
Just recently the PLP was reliably informed that an Oil Tanker bringing fuel for BEC refused to discharge its cargo until a very large payment was made. We were further advised that the Ministry of Finance had to intervene via the Central Bank to settle the debt.
When one views this very embarrassing dilemma against the recent claim by Jr Minister Phenton Neymour that BEC was now profitable clearly conveys that the public is being flamed.
The front page story in this morning Tribune Jr Minister Phenton Neymour claimed that vital overhaul had to be put off until this year, thanks to the PLP’s ill-advised rate reduction before the 2007 election which drained BEC’s funds. Jr Minister Neymour is clearly a stranger to the truth as the PLP’s rate reduction took place in 2003 and BEC had borrowed hundreds of millions of dollars since 2008 to address cash short falls, plus the FNM major increase in BEC rates. Further the Government and its agencies owed BEC sizable sums and failed to pay resulting in constant major black-outs during this past summer.
The PLP draws to the Public’s attention (a classic example of terrible mismanagement) that despite the expenditure of well over $100, 000,000 over a four plus years and counting; BEC’s new power plant in Abaco is still not fully functional (as both the new and the old plants are both running). The entire Island of Abaco was without electricity yesterday for over five hours.
The Progressive Liberal Party is demanding that Prime Minister Hubert Ingraham comes clean with the Bahamian Public on the deteriorating conditions at the Bahamas Electricity Corporation and the escalating cost of electricity on the backs of struggling Bahamians.
A new PLP government pledges to restore BEC to a profitable and functional entity and will once again reduce electricity rates as it did in 2003 thereby easing the burden for all Bahamians.