• Covid-19
  • Travel Protocols
  • Immigration & Customs Form
Thursday, May 22, 2025
SKNIS
  • Home
  • About
  • Press Releases
  • Parliament
  • In The News
  • Bills
No Result
View All Result
SKNIS
No Result
View All Result
Home Press Releases

SKELEC IS A PRIVATE COMPANY, NOT A GOVERNMENT DEPARTMENT

by
April 26, 2017
in Press Releases
Share on FacebookShare on Twitter

Basseterre, St. Kitts, August 19, 2016 (SKNIS): Appearing on Wednesday’s edition of “Working for You”, senior members of the St. Kitts Electricity Company Ltd. (SKELEC), took the opportunity to clarify that even though the Government has 100 percent shares in the company, SKELEC operates as a private business.

“At SKELEC, we are a corporate enterprise. We are 100 percent owned by the Government. It is our only shareholder, but we are a company,” explained Pearl Williams, Finance Manager of SKELEC. “On a day to day basis, we receive no help from the central Government, in that we have to manage our affairs; we have to do our own collections. In fact, as any shareholder, the Government of St. Kitts and Nevis will be looking for its dividends in the future from us because that is how it is when you have a company and you invest, you expect returns from that company.”

Related posts

St. Kitts and Nevis Achieves Digital Milestone with Signing of MoU to Formalize National Internet Exchange (IX)

St. Kitts and Nevis Achieves Digital Milestone with Signing of MoU to Formalize National Internet Exchange (IX)

May 21, 2025
Saint Kitts and Nevis Showcases AI-Powered Justice Reform at UNDP-EU Workshop

Saint Kitts and Nevis Showcases AI-Powered Justice Reform at UNDP-EU Workshop

May 17, 2025

She further explained that SKELEC does not “operate on a day to day basis to put money into the company, once an initial investment has been made.”

Mrs. Williams also clarified that the Act which governs the electricity company states that the minister, who in this case is Honourable Ian Patches Liburd, essentially has authorization for everything.

“Everything really stops with the minister. The minister will appoint members to sit of the board,” she explained.

The finance manager said that one of the challenges SKELEC is facing is that persons still think that the company is a government department.

“I think because of that, the positives and negatives that come with it are there,” explained Mrs. Williams. “For instance, persons may think that it belongs to the Government so I do not necessarily have to pay my bills on time. It is Government so anything that belongs to SKELEC belongs to me. I don’t have to take care of the SKELEC pole. I don’t have to take care of the Government meter because it’s government’s property.”

SKELEC became a private company on August 1, 2011.

Previous Post

SKELEC BELIEVES RENEWABLE ENERGY IS THE WAVE OF THE FUTURE

Next Post

NATIONAL ASSEMBLY MEETS ON TUESDAY AUGUST 23

Next Post

NATIONAL ASSEMBLY MEETS ON TUESDAY AUGUST 23

WHAT'S HOT

NATIONAL ASSEMBLY CHAMPIONS FISCAL PRUDENCE AND FAIR COMPENSATION WITH ADOPTION OF 2019 SALARIES REVIEW FOR SENIOR PARLIAMENTARY OFFICIALS

EXTRADITION BILL, 2025 PASSED IN NATIONAL ASSEMBLY – A MAJOR STEP TOWARD MODERN JUSTICE

May 22, 2025
WATER SERVICES DEPARTMENT LAUNCHES SEMI-AIRBORNE DRONE SURVEY TO ENHANCE WATER SECURITY IN SAINT KITTS

WATER SERVICES DEPARTMENT LAUNCHES SEMI-AIRBORNE DRONE SURVEY TO ENHANCE WATER SECURITY IN SAINT KITTS

May 22, 2025
Saint Kitts and Nevis Introduces Effortless Digital Entry: Enhanced Security & Smoother Travel for Visitors

Saint Kitts and Nevis Introduces Effortless Digital Entry: Enhanced Security & Smoother Travel for Visitors

May 22, 2025

BROWSE BY CATEGORIES

  • 2025
  • Attorney General, Ministry of Justice and Legal Affairs
  • Bills
  • Featured
  • Featured Ministry
  • Government Projects
  • Home Page Slider
  • In Focus
  • In The News
  • Interviews
  • Minister of Agriculture, Fisheries and Marine Resources; Cooperatives; Entrepreneurship and Creative Economy
  • Ministry of Education, Youth; Social Development; Gender Affairs; Aging and Disabilities
  • Ministry of Foreign Affairs, International Trade, Industry and Commerce and Consumer Affairs; Economic Development and Investment
  • Ministry of Public Infrastructure, Energy and Utilities; Domestic Transport; Information, Communication and Technology; and Posts
  • Ministry of Sustainable Development, Environment; Climate Action and Constituency Empowerment
  • Ministry of Tourism, Civil Aviation; International Transport; Employment and Labour; Urban Development
  • Notices
  • Parliament
  • PMO Press Releases
  • Press Conferences
  • Press Releases
  • Prime Ministers Office, Ministry of Finance; National Security; Citizenship and Immigration; Health and Social Security
  • Register of Voters
  • Round Table
  • The Cabinet Secretariat, Cabinet Secteatry
  • Uncategorized

LIKE US ON FACEBOOK

Facebook Pagelike Widget

LOCATION

St. Kitts Nevis Information Service
Government Headquarters
Chruch Street
Basseterre
St. Kitts
Tel:(869)467-1416

FOLLOW US

  • Government of St. Kitts & Nevis

© 2020 St. Kitts & Nevis Information Service. Developed by E-Government Unit

No Result
View All Result
  • Home

© 2020 St. Kitts & Nevis Information Service. Developed by E-Government Unit