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Admission That T&TEC Has Been Operating At A Loss, Since 2011.

Admission That T&TEC Has Been Operating At A Loss, Since 2011.

Chairman of the Trinidad and Tobago Electricity Commission Keith Sirju

Chairman of the Trinidad and Tobago Electricity Commission Keith Sirju, reveals that the utility from 2011 to present has been operating at a loss.

He made the comment before a meeting of the Public Accounts Committee of Parliament this morning.

Although he did not provide the financial details surrounding the situation Mr Sirju suggested that there should be a review of the cost at which T&TEC sells electricity.

Meanwhile, T&TEC General Manager, Kelvin Ramsook, told the sitting the majority of its operating cost is spent on conversion and gas generation areas where the utility has little control over.

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