Government to pay 18 million to BEC

Mon, Feb 28th 2011, 10:00 PM

By NOELLE NICOLLS
Tribune Staff Reporter
nnicolls@tribunemedia.net

THE Ministry of Finance plans to allocate $18 million to take a sizable chunk off the government's electricity debt.
In announcing the payment to the Bahamas Electricity Corporation (BEC) in the House of Assembly yesterday, Prime Minister Hubert Ingraham said there is "far too much wastage" in the public sector where energy consumption is concerned, and the government is "determined to make significant improvements.”
Last year, Michael Moss, BEC executive chairman said the government's account was $40 million in arrears.
Mr Ingraham said the government was trying "to do a better job at keeping current ...

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