What does KPMG know about running an electric utility or managing utility generation assets? Who says they are qualified? The PM and DPM just want protection and the ability to deflect responsibility for the inevitable disaster this process would become. Simon Townend and Deepak Bhatnagar don't have any idea what they're doing. The complicated process of fixing BEC is nothing like building an airport. Good Luck
The one thing that is clear right now is that Christie, Davis, Dorsett and their advisers are not capable of solving complex problems that face Bahamians today.
A complete solution to the BEC situation is YEARS away. The patches will not work in the long run. Good Luck
The Government and it's advisers, Simon Townend (KPMG) and Deepak Bhatnagar, are largely to blame for a failed process. If you can even call it a process. Christie has mismanaged what could have been a fantastic opportunity for the Bahamian public to benefit from the influx of cheap Chinese capital. The Chinese (through CCA) were involved in the bidding process as reported by this and other publications, and I'm sure they would have more than willing to run the management company if given the opportunity to build the power plant as well as fuel receiving facilities. They could have easily financed the legacy debt, term supply contract and construction of the plant at rates that no other commercial lender would extend to the Bahamian government. Worrying about the over involvement of CCA in the Bahamian economy is also overstated and the overriding concern should be to secure cheaper long term electricity.
electricity_bahamas says...
What does KPMG know about running an electric utility or managing utility generation assets? Who says they are qualified? The PM and DPM just want protection and the ability to deflect responsibility for the inevitable disaster this process would become. Simon Townend and Deepak Bhatnagar don't have any idea what they're doing. The complicated process of fixing BEC is nothing like building an airport. Good Luck
On Miller wants BEC privatised
Posted 24 March 2015, 9:43 a.m. Suggest removal
electricity_bahamas says...
Yes, they have to ensure that they have job security. Can't complete a job. Simon has complete job security.
On Miller wants BEC privatised
Posted 23 March 2015, 5:13 p.m. Suggest removal
electricity_bahamas says...
The one thing that is clear right now is that Christie, Davis, Dorsett and their advisers are not capable of solving complex problems that face Bahamians today.
A complete solution to the BEC situation is YEARS away. The patches will not work in the long run. Good Luck
On Miller wants BEC privatised
Posted 23 March 2015, 4:42 p.m. Suggest removal
electricity_bahamas says...
The Government and it's advisers, Simon Townend (KPMG) and Deepak Bhatnagar, are largely to blame for a failed process. If you can even call it a process. Christie has mismanaged what could have been a fantastic opportunity for the Bahamian public to benefit from the influx of cheap Chinese capital. The Chinese (through CCA) were involved in the bidding process as reported by this and other publications, and I'm sure they would have more than willing to run the management company if given the opportunity to build the power plant as well as fuel receiving facilities. They could have easily financed the legacy debt, term supply contract and construction of the plant at rates that no other commercial lender would extend to the Bahamian government. Worrying about the over involvement of CCA in the Bahamian economy is also overstated and the overriding concern should be to secure cheaper long term electricity.
On Miller wants BEC privatised
Posted 23 March 2015, 2:47 p.m. Suggest removal