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SKELEC seeks bailout from government

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By Devonne Cornelius

St. Kitts and Nevis (WINN): The St. Kitts Electricity Company Limited (SKELEC) has requested a government financial subvention to ensure the continuation of its operations.

According to the May 16, 2022 Post-Cabinet Briefing, the Chairman and a board member of SKELEC presented to the Cabinet the difficult financial situation of the Corporation. 

“The Financial Secretary and the Deputy Financial Secretary were also present to advise the Cabinet on these and other fiscal matters,” the Post-Briefing further read. 

SKELEC’s financially distressed position caught the attention of social commentator Larry Vaughan who suggested that “a comprehensive report of the reasons for SKELEC’s current state of affairs” be presented to the public. 

He said, “the people need to be aware of the conditions under which SKELEC would be receiving any subvention or loan from the government…Additionally, SKELEC should make public its audited financial statements from 2013 to 2020 (and 2021, when that is also available). 

SKELEC’s General Manager Jomo Williams declined to comment on the matter. Efforts to reach Don Boncamper, Chairman of SKELEC’s Board, and Board Secretary Jacqueline Howell have been unsuccessful at the time of writing. 

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