The Government yesterday made available G$100M in bridging finance to the Guyana Power & Light Company (GPL) to maintain full generation, Prime Minister Sam Hinds announced.

In a press release he said the power company had informed the Government that due to insufficient income flows to meet the cost of its operations, including the purchase of fuel, it was unable to maintain full generation and meet demands.

He said that among other things, GPL has pointed to its inability to implement its tariff rates as a result of an action pending before the Court.

Mr. Hinds said the Government yesterday consequently made G$100M available to the company as bridging finance until a number of issues are resolved and GPL is able to cover its costs and maintain full generation.

The Prime Minister again appealed to consumers to conserve on the use of electricity and energy consumption given the increasingly high cost of crude petroleum and the general threat to supply in the region which places an ever increasing burden on individual budgets and the national economy.