NICIL, GPL owe GuySuCo US$11M

NICIL, GPL owe

GUYANA-The cash strapped Guyana Sugar Corporation (GuySuCo) is still to receive some US$11M from the National Industrial and Commercial Investments Limited (NICIL), the balance owed for the purchase of its electricity generation facilities. The confirmation was made yesterday by NICIL’s Communication Manager, Julianna Hutson, in response to an article which pointed out that the sugar company was still owed monies. Skeldon Energy Inc (SEI) is another of the Special Purpose Companies created by Winston Brassington, the Executive Director of NICIL, who had also served as Chairman of the Board of Directors of the Guyana Power and Light. (KAIETEUR NEWS/ kaieteurnewsonline.com)…[+]