THE Guyana Power and Light (GPL) has seen a substantial improvement in the payments made on several government accounts, the company’s Divisional Director of Finance Loris Nathoo said on Tuesday.

Nathoo made this disclosure during a virtual Public Utility Commission (PUC) public hearing.

“I’m pleased to report that in 2021, a substantial improvement was seen in the payments on these particular accounts… The Guyana Water Inc., the Bureau of Standards accounts are almost up-to-date as we speak,” he said in his brief presentation.

While Nathoo did not reveal how much is owed, he stated that significant payments were made on those accounts, and that other payments were made on other government accounts resulting in those debts being liquidated.

Last year, it was reported that GWI had owed the electricity company $7 billion.

Nathoo had told a 2020 PUC hearing on the power company’s operating standards and performance targets, that GWI’s average monthly electricity bill is approximately $220 to $250 million.