NV GEBE in final discussions with local bank for facility agreement | SOUALIGA NEWSDAY

SINT MAARTEN (PHILIPSBURG) – NV GEBE finds itself once again refuting statements made in the media by persons uninformed about the operations of the company. Chief Executive Officer (CEO) of NV GEBE, Kenrick Chittick stated that “it is unfortunate that the Managing Board must constantly be required to disprove statements made about the company.”

Chittick is referring to the statements made by Member of Parliament Grisha Heyliger-Marten in the Daily Herald of Monday, June 22, 2020.

The CEO stated that the statements made by MP Heyliger-Marten claiming that NV GEBE “is unable to secure financing from local lending agencies for its projects” is not true. Chittick explained that from the onset of discussing financing for the investment projects, the Managing Board of the utility company insisted that local participation was a requirement and a must. He further stated that local, regional, and international lenders were included in the initial search for funding and that the company is presently in final discussions with a local bank for a facility agreement.

Chittick declared that the Managing Board of NV GEBE is transparent in all its actions regarding the running of the government owned company and that inquiries can always be made by persons seeking information.

He stated that this “would ensure that the information disseminated is factual and that the community is not misinformed.”

The utility company is presently in the process of finalizing agreements with lenders for its investments set to ensure that NV GEBE is up to date with new technologies, renewable energy and is able to meet the island’s demands while improving the services to its customer with up to date information. 

Source: Souliga Newsday https://www.soualiganewsday.com/index.php?option=com-k2&view=item&id=32190:nv-gebe-in-final-discussions-with-local-bank-for-facility-agreement&Itemid=450

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