Sell BPL! No way any government can fix this!

Might as well sell BTC,Water&sewage,zns , BOB and Bahamasair as well. Reduces the debt, increase captal, stop the losses, and reduce the high ineffiencies in each money pit.

Maybe, but once sold prices will triple. There's no competition

The government can mandate price controls on electrical and water prices. They have been doing the exact same with gasoline prices for years.

Utilities like this with no competition are regulated price wise. To wit, in Cayman, prices per KWH are much lower! (and they are just a small island too which burns oil type fuels)

I would sell all BUT W&S, in other places selling water does not work out well, its too essential.

maybe sell all Bahamas to Trump corp that will turn it into a golf playfield

Four engines going offline at the same time is part of the new normal. Just like wearing masks. I actually think the power should be turned off worldwide until the foolishness stops. I mean, why not?

Sell all SOEs relieve the burden give them maximum prices and reliability. Government cannot fix.

BEC/BPL is public hands is a total disaster on every level, it should be sold off, we'd have been in a much stronger place if this had occured 10-20 years ago.

We may as well just give away everything.....all SOE's, all land, etc....including the government if any wants it.....in fact, the entire country. This is what the IMF, the rating agencies, the international lenders and their exploitative foreign investor friends have been working towards since July 10, 1973. And once it has all been turned over to the new foreign owners of our country, we can offer ourselves up as slave labour in exchange for bread and water.

@tribanon I agree with you on that, and it is a pity your sarcasm is above the understanding of the spellbound willing victims. I am disheartened in reading the other comments about selling off our only belongings, as they prove why the arrogant oligarchy and monied others treat us as contemptible ignoramuses.

"four engines at Station A Clifton Pier went offline due to a fuel pump failure,”

So One fuel pump supplies Four engines?
I guess Redundancy only applies to employees contracts?

Since July,1973, who has made $10+ bn debt and now we’re wondering
how to repay?

From July 10,1973 to September 30, 2021 US$10 bn debt has been taken
and now we’re all stuck.

****Repost****

The stock market is a ponzi scheme contrived and controlled from the top. Privatization is just another trick to take wealth from the people and put it into private hands, so that the private ones benefit instead of the Bahamian public. Just look at what happened to Batelco. The modus-operandi is to promise greater efficiency and huge savings, but instead run the infrastructure into the ground while greatly reducing local staff and bringing in foreign staff. The paychecks for the foreigners leave the local economy and Bahamians with the skills required to run technical operations become extinct. Bills increase and services are reduced.

The problem with BPL is inept executives, who are being appointed and controlled by the arrogant/ignorant men off of the street (elected politicians).

Amen. Couldn't have said it better.

It does not take rocket science to operate an electricity company. Other than natural disasters how many electricity blackouts are you aware of that occur in Miami for example?

So why do we have this ongoing problem in Nassau? In amounts to nothing other than a human caused problem. All the politicians, rank and file workers, managers and unions know why? It is nothing but conscious sabotage, willful indifference to doing an honest job, political interference and manipulation , bad people management, a culture of bitter employee relations And a failure to put the nation first.

How can this culture of sabotage be supplanted with a culture of commitment?

We do not need privatization.

Perhaps you should have implored Minnis back in May 2017 to never put his hard sucking lips to the lending teat ('tit') of international lenders. LOL

BPL is a joke. This is the 21st century! This isn’t brain surgery. We are using the same technology that has been around for 100 years! Planes don’t drop out of the sky because the engines stop working! Somebody in the government needs to step up and get the infrastructure in place!

It is not just BPL, the same rot, corruption,and ineptitude pervades every aspect of our 'D-Average' governance and society.

Lol. Nassauvians would die if they had to live on a Family Island. Couple hours of the power going off and they are whining and complaining. If only you people knew how bad things actually are elsewhere.