Moderator: 3ne2nr Mods
Wasa buys water from desal and then sells that for a profit and they bankrupt?The_Honourable wrote:PM: WASA ‘permanently’ bankrupt, blames Desalcott
A US$72 million contract with Desalcott, that has been in place since 1999, has caused the Water and Sewerage Authority to going into bankruptcy.
That contract comes to an end in 2036, 17 years from now.
The revelation was made yesterday by Prime Minister Dr Keith Rowley who was speaking during the Standing Finance Committee Meeting in Parliament as the debate on the 2020 Budget continued yesterday.
Member of Parliament (MP) for Tabaquite, Dr Surujrattan Rambachan, was questioning Public Utilities Minister Robert Le Hunte when Prime Minister Rowley interjected, saying he wanted to set the record straight on the Desalcott/WASA contract.
Rambachan was questioning why the government was negotiating a loan to pay Desalcott instead of allocating money for the supply through WASA’s recurrent expenditure.
WASA was given a $1.6 Billion allocation in the 2020 budget.
Rowley said before the Basdeo Panday administration entered into the contract, the issue of whether desalinated water would be used to supply residential customers, as is being done now, was raised.
In 1999, WASA first contracted Desalcott to purchase 24 million gallons per day.
But by November 2012, the agreement with Desalcott was amended and the new sale agreement increased its production from 24 million gallons per day to 40 million gallons per day.
The prime minster explained this expansion was expected to be increased incrementally over a 13-month period, with the delivery of water increasing over this period up to 40 million gallons per day by December 2013.
“When we went into desalinated water this problem that we are now facing was raised as a potential and the question is on the Hansard as to whether this desalinated water will enter the domestic supply and the answer was no,” Rowley said.
The Prime Minister said when Desalcott was asked to supply residential customers, the authority paid and is continuing to pay the ultimate price.
“That project has bankrupted WASA permanently and we now have to borrow money because where we were earning money in Point Lisas we now have to find money to pay and that has put WASA in a permanent bankruptcy,” Rowley said.
But Opposition MP Ganga Singh, a former Environment and Water Resources Minister, hit back at the government, saying it was the PNM’s Patrick Manning-led administration that increased the amount of water from 24 million gallons to 45 million gallons a day, in the agreement with Desalcott.
Singh said Manning had announced plans to build five desalination plants across T&T.
“When I hear these born-again, evangelical approach that they deny the existence of their decision making, you would recall that in 2010 Mr Prime Minister Manning had plans to build five desalination plants across this country,” Singh said.
He added, “At that time it was affordable, now circumstances have changed and like a lot of people who get in trouble with the #MeToo movement, the reality today is quite different.”
Source: https://guardian.co.tt/news/pm-wasa-per ... 92b87e755a
zoom rader wrote:Wasa buys water from desal and then sells that for a profit and they bankrupt?The_Honourable wrote:PM: WASA ‘permanently’ bankrupt, blames Desalcott
A US$72 million contract with Desalcott, that has been in place since 1999, has caused the Water and Sewerage Authority to going into bankruptcy.
That contract comes to an end in 2036, 17 years from now.
The revelation was made yesterday by Prime Minister Dr Keith Rowley who was speaking during the Standing Finance Committee Meeting in Parliament as the debate on the 2020 Budget continued yesterday.
Member of Parliament (MP) for Tabaquite, Dr Surujrattan Rambachan, was questioning Public Utilities Minister Robert Le Hunte when Prime Minister Rowley interjected, saying he wanted to set the record straight on the Desalcott/WASA contract.
Rambachan was questioning why the government was negotiating a loan to pay Desalcott instead of allocating money for the supply through WASA’s recurrent expenditure.
WASA was given a $1.6 Billion allocation in the 2020 budget.
Rowley said before the Basdeo Panday administration entered into the contract, the issue of whether desalinated water would be used to supply residential customers, as is being done now, was raised.
In 1999, WASA first contracted Desalcott to purchase 24 million gallons per day.
But by November 2012, the agreement with Desalcott was amended and the new sale agreement increased its production from 24 million gallons per day to 40 million gallons per day.
The prime minster explained this expansion was expected to be increased incrementally over a 13-month period, with the delivery of water increasing over this period up to 40 million gallons per day by December 2013.
“When we went into desalinated water this problem that we are now facing was raised as a potential and the question is on the Hansard as to whether this desalinated water will enter the domestic supply and the answer was no,” Rowley said.
The Prime Minister said when Desalcott was asked to supply residential customers, the authority paid and is continuing to pay the ultimate price.
“That project has bankrupted WASA permanently and we now have to borrow money because where we were earning money in Point Lisas we now have to find money to pay and that has put WASA in a permanent bankruptcy,” Rowley said.
But Opposition MP Ganga Singh, a former Environment and Water Resources Minister, hit back at the government, saying it was the PNM’s Patrick Manning-led administration that increased the amount of water from 24 million gallons to 45 million gallons a day, in the agreement with Desalcott.
Singh said Manning had announced plans to build five desalination plants across T&T.
“When I hear these born-again, evangelical approach that they deny the existence of their decision making, you would recall that in 2010 Mr Prime Minister Manning had plans to build five desalination plants across this country,” Singh said.
He added, “At that time it was affordable, now circumstances have changed and like a lot of people who get in trouble with the #MeToo movement, the reality today is quite different.”
Source: https://guardian.co.tt/news/pm-wasa-per ... 92b87e755a
I guess only PNM ppl will believe their PNM prime minister.
I think wasa buys it $4 and sells at $7.5 per meter cubeD.S.S wrote:zoom rader wrote:Wasa buys water from desal and then sells that for a profit and they bankrupt?The_Honourable wrote:PM: WASA ‘permanently’ bankrupt, blames Desalcott
A US$72 million contract with Desalcott, that has been in place since 1999, has caused the Water and Sewerage Authority to going into bankruptcy.
That contract comes to an end in 2036, 17 years from now.
The revelation was made yesterday by Prime Minister Dr Keith Rowley who was speaking during the Standing Finance Committee Meeting in Parliament as the debate on the 2020 Budget continued yesterday.
Member of Parliament (MP) for Tabaquite, Dr Surujrattan Rambachan, was questioning Public Utilities Minister Robert Le Hunte when Prime Minister Rowley interjected, saying he wanted to set the record straight on the Desalcott/WASA contract.
Rambachan was questioning why the government was negotiating a loan to pay Desalcott instead of allocating money for the supply through WASA’s recurrent expenditure.
WASA was given a $1.6 Billion allocation in the 2020 budget.
Rowley said before the Basdeo Panday administration entered into the contract, the issue of whether desalinated water would be used to supply residential customers, as is being done now, was raised.
In 1999, WASA first contracted Desalcott to purchase 24 million gallons per day.
But by November 2012, the agreement with Desalcott was amended and the new sale agreement increased its production from 24 million gallons per day to 40 million gallons per day.
The prime minster explained this expansion was expected to be increased incrementally over a 13-month period, with the delivery of water increasing over this period up to 40 million gallons per day by December 2013.
“When we went into desalinated water this problem that we are now facing was raised as a potential and the question is on the Hansard as to whether this desalinated water will enter the domestic supply and the answer was no,” Rowley said.
The Prime Minister said when Desalcott was asked to supply residential customers, the authority paid and is continuing to pay the ultimate price.
“That project has bankrupted WASA permanently and we now have to borrow money because where we were earning money in Point Lisas we now have to find money to pay and that has put WASA in a permanent bankruptcy,” Rowley said.
But Opposition MP Ganga Singh, a former Environment and Water Resources Minister, hit back at the government, saying it was the PNM’s Patrick Manning-led administration that increased the amount of water from 24 million gallons to 45 million gallons a day, in the agreement with Desalcott.
Singh said Manning had announced plans to build five desalination plants across T&T.
“When I hear these born-again, evangelical approach that they deny the existence of their decision making, you would recall that in 2010 Mr Prime Minister Manning had plans to build five desalination plants across this country,” Singh said.
He added, “At that time it was affordable, now circumstances have changed and like a lot of people who get in trouble with the #MeToo movement, the reality today is quite different.”
Source: https://guardian.co.tt/news/pm-wasa-per ... 92b87e755a
I guess only PNM ppl will believe their PNM prime minister.
X2 You hit the jackpot.... When they sell back the water the profit goes to wasa an desal gets payed there amount an thats how they supposed to be running. SELF SUSTAINED.. No rocket science there...if the economy changes adjust the sale price to the buying price..so ur still at a profit to run ur business an u can pay the manufacturer for there product.
Redman wrote:WASA pays Desalcott $10 per cubic foot
Redman wrote:Yes, its probably cubic meter.
Invest TT has the cost to consumer of water at 3.5 per cubic METER.
http://www.investt.co.tt/publications/T ... Tobago.pdf
This recent article has WASA cost at $10 per cubic foot.
http://www.guardian.co.tt/news/wasas-mo ... a1a683bc02
You buy water at $4 and sell it at $7.50 to PT Lisas and that's a loss?De Dragon wrote:So essentially WASA's failure to improve domestic supply led them to have to buy desal water and sell it at a loss to residential consumers?
zoom rader wrote:You buy water at $4 and sell it at $7.50 to PT Lisas and that's a loss?De Dragon wrote:So essentially WASA's failure to improve domestic supply led them to have to buy desal water and sell it at a loss to residential consumers?
Wasa does not sell Desal water to the public.
Wasa has no cost on desal water. Desal bares all their own cost . Desal even pumps the water on the Pt Lisas ring at their own expense.
When desal water leaves it's compound it is spurred off two main valves. One goes on to the Pt Lisas ring main and other which is always locked off supposed to go to south.
PNM fools again
goalpost wrote:zoom rader wrote:It's the same with TTEC, they come in the night to do line repairs.
TTEC emergency crews are shift tho.
If a job takes place at night that does not involve emergency, its usually because, in terms of reliability to the electrical grid, it's the best time.
nicholasfabulous wrote:goalpost wrote:zoom rader wrote:It's the same with TTEC, they come in the night to do line repairs.
TTEC emergency crews are shift tho.
If a job takes place at night that does not involve emergency, its usually because, in terms of reliability to the electrical grid, it's the best time.
Fact
Redman wrote:ZR- Invest TT has the cost of water at 3.5 per cubic meter, from where are you getting 7.5?
Hansard (being the only reference to Desalcott cost I could find) from 2014 has Desalcott water at 95 cents USD per cubic meter.
http://www.ttparliament.org/hansards/hh20140425.pdf
We want to avoid any lemmings running with unfounded info.
Redman wrote:ZR- Invest TT has the cost of water at 3.5 per cubic meter, from where are you getting 7.5?
Hansard (being the only reference to Desalcott cost I could find) from 2014 has Desalcott water at 95 cents USD per cubic meter.
http://www.ttparliament.org/hansards/hh20140425.pdf
We want to avoid any lemmings running with unfounded info.
Redman wrote:ZR- Invest TT has the cost of water at 3.5 per cubic meter, from where are you getting 7.5?
Hansard (being the only reference to Desalcott cost I could find) from 2014 has Desalcott water at 95 cents USD per cubic meter.
http://www.ttparliament.org/hansards/hh20140425.pdf
We want to avoid any lemmings running with unfounded info.
Dizzy28 wrote:Redman wrote:ZR- Invest TT has the cost of water at 3.5 per cubic meter, from where are you getting 7.5?
Hansard (being the only reference to Desalcott cost I could find) from 2014 has Desalcott water at 95 cents USD per cubic meter.
http://www.ttparliament.org/hansards/hh20140425.pdf
We want to avoid any lemmings running with unfounded info.
Pt Lisas is a Water Improvement Area as designated under the Waterworks and Water Conservation Act. It has special rates different from WASA's existing tariffs.
Based on a 2011 amendment r.e. The Water Improvement Rate (Point Lisas Industrial Estate) (Variation) Order 2011 Pt Lisas rates were raised to $8.50/m3.
Capture.JPG
http://news.gov.tt/sites/default/files/ ... 202012.pdf
You have understand Wasa just factored in their total losses on desal.Rovin wrote:nah man allyuh lying we pm say wasa selling it back at a loss ......
You cannot lump all of wasa mis management and looses on to desal .Redman wrote:Losses would be based on cost price vs selling.
Arent we trying to establish these in some credible way?
Return to “Ole talk and more Ole talk”
Users browsing this forum: No registered users and 8 guests