As someone with a financial background in the capital decision making process, it would be expected that many “what if “scenarios should have been examined regarding the installation of the desalination plant especially the downside probabilities and its effect on the economy especially WASA.
The most important “what if” is the situation as to what happens if the expected demand for industrial water does not materialize because of political or other considerations e.g. Pt. Lisas plant shutdowns from no gas supply etc. In such a case, provisions or contingencies ought to have been inscribed in the contract to ensure there is some relief for the buyer (WASA) of water.
Surely not to have the buyer pay millions for water originally established for industrial use at a high price but now sold as public use water for next to nothing. Nah, dat is real stupidness. Are these people real! And why did we or WASA not build our own desalination plant too? which would be another alternative to the project for our own protection.
Is the desalination plant a deliberate corrupt contract negotiated for a big business somebody – We are all helpless and unknowledgeable about this. I have heard this somewhere, you know.
Nobody wants to take the blame and so WASA is condemned as a dead Company which can no longer be resuscitated or made viable according to Rowley who is always blameless in everything – he knows all you know.
In the case of Petrotrin, since Government made the blunder with the GTL plant the loan commitment is now excised from Petro so Petro can now breather according to Imbert. This was not an operating problem cause but a government blunder for us taxpayers to now pay through our nose in a very bad economic situation now.
WASA is in a similar position having to absorb the “blunder” of ignorant stupid or corrupt governance where even up to today there is a Minister of Finance installed without any financial training. So why can’t they remove this burden from WASA and let Government pay the difference between the potable water price and the industrial price? WASA’s books would then look alarmingly different, I am sure.
Expect more confusionality from the finance man. I think next year the price of gas and oil will drop drastically. Do you think that the man will then lower the price at the pump – you must know the answer.
We have a “we” or “them” situation in governance. It is all about “them” and their taxes first, “them” who are the controllers of the commanding heights and not the people. We now have an economy that no longer respects the private sector and so there will be no transference to a Singaporian model ever under these blunderers.
Send your US dollars, whatever you can get to a foreign bank now for your future protection. That is the best advice anyone can get given the present shortage that will only get worse.
The devaluation will come after the 2020 General Election with a lot of excuses as to why it is then necessary.