WASA DESALINATION PLANT

112

Dear Sir,

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.

PM