Prime Minister Roosevelt Skerrit has described as “unacceptable” the manner which his government was informed of DOMLEC’s acquisition by a Barbadian company.
Last week Light & Power Holdings Ltd. (LPH) of Barbados, in a press release, said that it has signed a letter of intent to acquire controlling interest in DOMLEC from WRB Enterprises Inc. of Tampa, Florida.
The release said both companies are working to have the transaction completed before the end of 2012.
Speaking on state-owned DBS radio, Skerrit said his government was informed of the decision on the day of the announcement itself and pointed out this was not acceptable. “The manner in which they went about in informing us is certainly unacceptable and in future the government may want to look at putting systems in place … when such important utilities are being disposed off by majority shareholders ….that they would have to get the approval of the Government of Dominica,” he said.
The prime minister went on to say that government should have been informed of WRB’s decision since it has interests in DOMLEC. “The government is of the firm view that WRB should have in fact inform the government of its intention to dispose of itself or its shares in DOMLEC and give the government of Dominica and the people of Dominica the opportunity for the right of first refusal,” he remarked. “We had an interest and we do have an interest and we felt that WRB should have in fact given the government of Dominica an opportunity to make an offer.”
Skerrit said that his government has always beleived that the sale of DOMLEC by a previous adminstration “was not in the best interest of the country.”
DOMLEC is the sole electric utility for Dominica, serving 34,000 customers. WRB owns 52 percent of DOMLEC, with 21 percent held by Dominica Social Security Scheme and the remainder by other investors.
Fire the Spying monkey gang in the financial building. They should have heard something. Lol.
Boy we Domnicans ignorant we. Reading these comments are just embarrassing and that goes for some that I write myself. i think we need to control what we write here.
Once again here go the dummies in a can footballing politics and skinning their teet; light bill $$ for hurrayers and do backers must be coming from skerritt pocket.
That the State was informed only on the very day that the news of DOMLEC sale went viral is an insult to all Dominicans. WRB engaged LPH in discussions of disposal of their interest in DOMLEC and willfully kept Dominicans in the dark. This is a willful and deliberate act! It demonstrates that WRB was not acting in good faith. If their intention was all about disposal of assets, I am sure either the State or DSS or other shareholders would have been informed. To have been in discussions with LPH to the extent that a letter of intent was signed by LPH is a clear manifestation that WRB wanted out of DOMLEC as a matter of priority. Now, here is my informed take on the matter: WRB does not wish to continue as a partner of DSS in DOMLEC. It is the partnership with DSS they wish to get out of. They therefore had to keep this secret from the State since the State owns DSS. What does this mean for MARPIN where WRB holds a 50-50 stake with DSS? Wait and see!
They do Right all companies must pull out of Dominica
because of that wicked Govt that taxing the citizens
with no value for money.
i before e except after c DNO!
ehhe, so what about the word THEIR?
and science
PM…..There is another way to deal with this.
Ensure the Geo-thermal contract goes to another company, thereby introducing competition and secondly let people install solar systems
DO NOT PAY ME YET, JUST LET ME KNOW WHEN SHARE IN THOSE SCHEMES ARE AVAILABLE….THANKS
Dominican Government has been screwing around & mishandling the Geothermal energy issue since 1995
Meanwhile, Tanzania gets a new Geothermal Electricity plant!
http://cleantechnica.com/2012/11/28/first-geothermal-plant-for-tanzania/
Meanwhile: Montserrat signs Geothermal Contract with Iceland Drilling Company Ltd.
Dominican government has been mishandling geothermal development since 1995!
http://www.sknvibes.com/news/newsdetails.cfm/64681
Mr. Skeritt you have choices. If you feel slighted or disrespected by this slap, do what you have to do. Just remove their monopoly and allow competition. If is free market they want to play then let them play free market with competition. That way the consumers will win big time.
Don’t allow these foreighn exploiters to make you look smal in the eyes of your people. You were elected to defent the rights and honour of you people, so do your thing and let them know who run tings here.
what u mean who run things? haven’t you heard of a man from Barbados named HH? he is the one who runs things.
It’s like when the Aerial tram closed down putting over 6o Dominicans in the unemployment line. He didnt know about that either?
What does he know about then? The State Palace I’m sure! That eternal symbol of “niggeritis.” I bet he is totally on top of that one.
The last laugh begins when LPH puts its big foot in geothermal energy and lays off 3/4 of Domlec staff to maximize profits in a steadily failing economy.
PM? Are you there buddy?
What’s wrong with Geothermal?
Need a better source to get the job done?
Try these:
PMC: http://pmc-us.com
CalEnergy – http://www.calenergy.com/
Ormat – http://www.ormat.com/
Energy Source – http://www.charllc.com/
Sempra – http://www.sempra.com/
BHP Billiton – http://www.bhpbilliton.com/
Westinghouse – http://westinghouse.com/
Intergen – http://www.intergen.com/
Simbol Materials – http://www.simbolmaterials.com/
Meanwhile, another satisfied geothermal electrical customer:
“We hired PMC to do its first full scale power plant construction job for our 49 MW Hudson Ranch I geothermal project. They were customer-focused, flexible and highly productive. The result was a high quality finished product that smoothly attained commercial status in a short time.”
– Dave Watson, CEO EnergySource
http://pmc-us.com/our-projects/list-of-clients/
You all have to understand what a free market means and what shareholders mean. Remember, Dominica is not a communist country where the government would control such sales, the shareholders who is the majority in Domlec has the right to sell their shares without consulting the government. Skerit just to let you know, you was informed out of courtesy and not on a need to know basis. Skerit should back off because if the government keeps on intervening in such matters, it will become a country like his beloved, “China” which is totally a communist country where they do not even have an election. The government has the last say in everything, even the amount of children a mother can have. Right now in China you are only allowed to have one kid, if the government finds out you are going on your second, they forces you to have an abortion even if you are 8 months pregnant. We have to be careful with government intervention. The sale of Domlec has to do with shares, if the government wanted to play a bigger role in Domlec; all they had to do was try to acquire the majority of shares. You have to let the free market take its own course. You all need to educate yourselves about economics. The books are out there, please read them.
You need to wake up – the Gov’t and the public utility commission should know of the impending sale. At the end of the day the gov’t has to make sure that the interest of the citizens are served when the sole electric utility is being bought or sold. Electric utilities are not treated as regular private entities. In the US major utilities can’t be bought/sold without the state in which they operate not being aware and involved in teh process. I know this first hand with the sale of Constellation energy to Exelon in the state of maryland earlier on this year. The state of Maryland was involved all through the process to ensure that the deal being made was in the interest of the customers.
This is not the US. This si Dominica. Is there anywhere in any document or in any constitution or in any D/ca which says that the sale cannot take place unless the Gov’t is first consulted??? You cannot compare apples with rice,even though your points may make sense.
Thank you for that contribution Country man. What the Peacock doesn’t realize is that the IRC is commissioned by the Gov’t of Dominica to do just that, and they have more teeth than they realize. This is our country, the B’dos gov’t and many free enterprise jurisdictions are regulating enterprise in their countries the same way…do a little research.
@ Eggleston,
Dominica does not have any free market system. Free market system have to be two ways not 1-way. Taxi drivers are now prevented from taking tourists to the “premier sites” so that only the cruise ship owners tours can go there without any local competition. Domlec have a monopoly to sell electricity to Dominica(at high rates too) so when you talking about free-market you must come clean.
Now you see? That doesnt happen with stay-over tourists. It is with the tourist who pays money to sleep on the island where you not only have free market forces but sellers get full price for their products and/or services but who do Dominicans support and where is all the concentration? Cruise ship. Well lousy management and shortsightedness come with consequences.
It has a free market, is the government that is preventing the market from acting freely, there are things called “amendments” to laws, some laws needs to be amended. The government is creating a type of China grip.
Free market system? In a country where the Govt. fixes fuel- and cement prices, has a monopoly on the importation of sugar and rice and forces us to import flour from St. Vincent at exorbitant prices? Don’t make me laugh.
One would hate to think that Dominicans are so foolish to think that putting Domlec in the hands of a foreigner in this way is doing hurt to “Skeritt”.
Who pays your light bill, you or Skerritt?
Bravo, Bravo, Bravo…they are so politically mischievous they are not even seeing the danger infront of them.
But they think its Skerrit is the one that is going to be affected
i dont know about u but is my PM paying my lite bill
Skerrit>>>you are not CEO, they don’t need to tell you squat until they are ready!!! if you had negotiated well with Petro Carib, Domlec would not have to be paying high fuel hence increasing our bills by 4.77!!! What shoulod concern you is the rediculous $15.98 we paying for fuel!!!
do unto others as u wud have them do unto you.no consultation to appoint commissioners of police and present.when we as questions of our duly elected goverment officials YOU tell us go to hell its not our damn business and that no law including the constitution can prevent you from doing what you want…so what you belly aching for nuh garcon,skerro!!!
Is this man really the Prime Minister of Dominica? What planet is this man on? Heaven help Dominica! Who is really governing this country? Does the Prime Minister know how foolish his public statements sound? Has his government called a DOMLEC shareholders meeting to discuss the issue since becoming aware of the news? Has the PM seek to have a meeting with the Barbados holding company? That is what the public would like to know – not how you feel you should or would like to have been informed. Now that you know, tell us what are your plans? What are you going to do about it?
By the way Mr Prime Minister the Barbados Light & Power Company Limited is the sole electricity provider in Barbados with some of the highest utilities rates in the Caribbean. Second, make sure to ascertain whether you are being bought by Barbados Light & Power Company Limited (the electricity company of Barbados) or by its parent company Light & Power Holdings Ltd. (LPH) Barbados which is an investment holding company which is more interested in high rates, great profits and hefty returns on its investments! Good luck Dominica! (What did the Prime Minister have the Barbadian calypsonian sing to you Dominicans, “Something Happening!”)
the sale was wrong and a Monopoly in a country should never be privately owned
That should be stopped and proposed the shares to the Dominican public and also the government should also invest in Domlec.
If that 6 million a year is kept in Dominica, think of all the good which will be done.
Those of you vex with WRB about their disrespect and whatever you are vex with the wrong party. It is not for WRB to give a hoot about Dominica. There are a business and a foreign one at that. They will care about their bottomline and therefore they will likely take advantage of every loophole in the contracts and laws which exist that relieve them of any responsibility. We can then only hope they dispense goodwill. Be vex with yourselves and with your representatives.
It is for Dominicans, YOU, to care and be vigilant about Dominica and protecting her interests. It is for voters, YOU, to ensure that the government keeps Dominica’s interest as the only priority which they dont and have not for sometime and with full support from their voters, YOU.
Every stupid incompetent assinine act carried out by government has been met with silence from supporters, YOU. It is not for opposition, whoever that may be at the time, to speak out to make a real difference! It is for the supporters, YOU, to speak out and demand accountability!
When that happens consistently that’s when we have reached first world status. A niggeritis monument like State Palace doesnt make us first world it just makes us, YOU, the natives who love shiny things.
So here we are. DOMLEC sells to another foreign entity and the PM knows nothing about it or about that foreign entity which now controls our electricty supply thus our cost of living and the country’s investment climate.
BRAVO Dominicans! Well done!
skerro no cut from the pie you vex.
I always believe a country’s utility company should be state owned; our water and electricity should belong to the country. One might say it will not be profitable because state institutions such as schools and ministries will not pay light but if structures are put in place for such payments to be made it can work; eg, if you have a shop you not going to koolay it by just taking bread and sugar and nto paying for them, you will buy from your shop so the money will remain in yur shop; so is the same ting government can implement to recover income from their utility companies if state owned… i fink we can go that way; i hope it not too late to bid for domlec, or if we alone cannot buy it let the OECS governments buy it as an entity, just a suggestion
I have to say I find it real hard to believe that Skerrit knew nothing. I don’t know how that is possible that the government of the country has no idea what is happening to the sole provider of electricity to the country. Not only that, but within a scenario where for years, electricity is in the top 3 of crisis factors crippling the economy, blocking and destroying investment!
If the PM really did not know, then heads must roll. Under whose ministry does DOMLEC fall? That minister, back in the day, would have been beheaded in the public square. I mean, how embarassing for Skerrit to have to admit that! He is in fact admitting to the region and the wider world that he is not on top of his game at all. In fact, because its our electricty supply in question here, he has admitted he is at the bottom of his game! Lord knows what the other Prime Ministers of the region, and key foreign officials based in the region, must be thinking of that! Embarrassed for him probably.
Just way too much embarassment going on here
These are very good questions raised by you.
Based on the fact that DOMLEC is a private company ,unless the Government of Dominica or some Dominican shareholder is not on the board of Directors or at the executive level where decisions are made, there is no way we would no.
Its the same thing for LIME Dominica or even DIGICEL.
Unless you are connected at the Board and Executive level you will no nothing.
So I would say when DOMLEC was sold in the 1st instance, maybe we as a people didn’t demand more and we didn’t not protect DOMINICA in the sale clause.
So I don’t think its embarrasing for the Prime Minister.
When the Exxon decided to sell its investment shares in Venezuela to some other company, Chavez blocked it ….He was called a dictator.
In the US, a private Wind/Solar Company was going to be sold to a Chinese firm…Obama uses national security and blocked the sale…Obama was called “…..”. I Guess different rules for different folks…We know the deal.
Maybe the Government and People of DOminica need to do the same.
I want to see what these very same people will call PM.
I am watching and looking to see how this one plays out.
Correction
I starting to write like how I text with short cut
we would know.
you will know nothing.
Domlec just followed his lead. He does things and makes decisions without people knowing. It really is a shame but he set the precedent for these things happening. What a hot mess!
I agree. “De memo” probably sit down on his desk somewhere.
The tragedy is that the whole gov’t playing as though they don’t read DNO.
So long many have hinted on nationalize or a hostile take over, I’m sure Chaves or China would lend the money…which means securing the funds for ‘it’ Domlec.
Instead they run to take loans to build a monument to themselves. Who ever heard of building a palace when you are poor and begging relying on donors???? eh….except Robert Mogabe of Zimbabwe while his people live in tents made of twigs and torn cloth. Their friend maybe??
Water under the bridge! Geothermal may be next…if they mess up geothermal people may have to take to the streets wi pal.
WOOSH! You took the words right out of my mouth oui!
Only thing I dont agree with is the assumption that China or Venesuela would loan the money. Not necessarily and I’m not sure I want to be beholden to them any more than we are expecially with domlec.
What I think of is the millions of dollars these jerks have squandered and squirreled away over the past years that could have been used already to optimize solutions to our DOMLEC dilemma.
Does this apply to my package at aeropost??
comment went under wrong news item. my bad lol.
haha look who talking, pot calling the kettle black…. same as you gave geothermal contract to a foreign company and not dominicans
See how it feels Mr.PM…
Dominica Social Security invested in Domlec, DSS invested in Marpin, Dss invested in CLICO and have lost Dominica’s retirement fund, nonetheless the government of Dominica has made it law tha the Nationals of Dominica must increase their contribution to DSS. What a mess more money to mis invest and the people suffer, when children are in power playing “mama”
Reading thought the comments here and I get one thing is that Dominicans do not even care about their own self. Something that is going to affect them and hear how they talk. That is the reason the country is where is it right now it is not the government it’s the people of the country.. DOMINICCANS
The likely presence of geothermal resources beneath Dominica is suggested by a boiling lake, numerous boiling hot springs, several large solfataras and very recent (<500 YBP) volcanic activity. There are at least three geothermal centers. In 1995, an American company entered into agreements with the utility and the government to develop the resource at Soufriére but to date no action has resulted.
Taken from: G.W. Huttrer, "Geothermal activity status in the volcanic Caribbean islands", Proc. World Geothermal Congress 2000, Japan.
PM? Are you there buddy?
What’s wrong with Geothermal? Montserrat & Tanzania both have new geothermal!
Meanwhile, yet another satisfied geothermal electrical customer:
“We hired PMC to do its first full scale power plant construction job for our 49 MW Hudson Ranch I geothermal project. They were customer-focused, flexible and highly productive. The result was a high quality finished product that smoothly attained commercial status in a short time.”
– Dave Watson, CEO EnergySource
http://pmc-us.com/our-projects/list-of-clients/
I repeat:Under which law of Dominica is a shareholder required to inform the Govt of Dominica of his decision to sell his shares in a company?
Ok there is no such law, but is that not the point to the PM statement? That such an important asset can change hands but notice should be given to parties concern. More so is the fact that DSS have shares in Domlec. Of course DSS could have been informed and did not inform the Minister responsible for DSS, who knows. But I would agree with the PM that things should be put in place where the Government and People of Dominica have an interest in such companies.
But Anonymous, you don’t know law does not apply to Mr. Skerrit? He told us so himself.
I agree with you, the government does not need to know, that is not there business, the people paid for there shares with thier own money and they have a right to sell it if they are pleased
In respect to private entities where their decisions will hurt only themselves you are right it’s not the Government’s business. However we are discussing the country’s electricty supply so the same rules cannot apply to such an entity and laws must be drafted to allow effective regulation of such entity.
First world countries regulate their utility companies even though privately owned and trade on stock exchanges. In fact americans argue the utility companies are not regulated enough and form activist groups that campaign against the lobbyists of these utility companies! But you see whats happening in these countries? Checks and balances constantly at play. True not 100% perfect but the foundation remains and americans voted against Mitt Romney. They voted for a negroe inspite of high unemployment for example, before they voted for, in essence, no regulation of corprate america.
And here we are in Dominica with too many of you supporting total private autonomy of our electricty supply. Listen to you. Repeating your question feeling so intelligent that you are supporting that our electricity supply which controls our cost of living, investment, social wellbeing, should remain 100% protected from government regulation. wow!
First world versus Third world.
What’s with the racial slur my friend.
There is something called Self-Regulation.In addition decency, respect and integrity dictate that businesses should do right at all times. It is only fair to inform nationals of a country when you are selling a business where they own shares especially in one such as DOMLEC.
On the other hand anyone believing that Skerrit and his cohorts did not know the LPH was not pursuing DOMLEC need to talk to me because I have a bridge built of gold in Morne Prosper I am selling to the first bidder for $1.00 ECC.
The only thing Skerrit is upset about is that he and the Labar Party complained so much about foreign ownership of DOMLEC yet did nothing about regulating such sales and now he is exposed for the hypocrite that he is and continue to be. But, the god me and many Dcans serve is good all the time, and all the time and all the time god god is good.
Assertive, NOT Agressive!
We can thank the opposition leader for all the burdens that we now face with Domlec. Your bad decision to sell a vital utility, has costs us high energy costs = higher costs of production.
Now we want the PM to wave a magic wand!
DOMLEC, IMF, Bankruptcy–all bad harvest under UWP.
Blame the opposition leader? why do you people come here to talk about things you donot know about or understand. Where was the opposition leader when Domlec was first sold? Now if you want to blame someone, blame the financial wiz kid, the same one who sits in skerritts cabinet right now. The same one whose son is being praised for geothermal, the same son whom the labour government made light of his ideas when the father brought them to the parliament.
the manager should comment something like this “it is non of their damn business who we sell the company for… no law no constitution can tell us who to sell it for … go to hell … go to hell … go to hell
Boy i feel Dominica is slip-sliding-away from Dominicans.Dominica is bleeding from mis management from way back since independance, and all that is happening,who not in, pulling down,and who in control, doing what they want,this ‘bull’ must stop.Dominica is ours and it going to be there long after we gone.I don’t like the style of governing by this administration,but we got to find a way to get a common ground to communicate in the instrest of Dominica.i know this PM have said and done alot of wrong things,but this statement need to be supported,atleast to try and see if we can help change this PM style of thinking.MY GOD!there got to be a turning point in this direction our country is heading.COME ON MAN N WOMEN.
Well Domlec did it now…they did not inform “the great one” of their decision…..waaay papa, ehbeh look it.
Mr PM, stop trying to fool us more than you already have..please!!!
We would like to hear what Domlec has to say on the matter.
I am still feeling sorry for the Taiwaness Charge D’affair when he learnt of your decision to get rid of them and go with mainland China……now you crying about Domlec…chuuups man…..Tings just start to happen..Take your blows!!!
Time will tell.
The PM knew he knew he knew
On the need to know, Bernard Wooley’s longest sentence in “A Tangled Web” comes to mind:
“Apparently, the fact that you needed to know was not known at the time that the now known need to know was known, therefore those that needed to advise and inform [you] perhaps felt the information you needed as to whether to inform the highest authority of the known information was not yet known and therefore there was no authority to be informed because the need to know was not, at the time known or needed.”
– A Tangled Web…
I have to agree with Skeritt on this one!!
What is even more troubling is the fact that the government allowed themto raise electricity rates on the back of the people. Could it be that the rates were raised to ake the company more attractive to the buyer or aw it that they raised the rates so that the stake holders could have one more champaign moment.
How can the government not know that They were selling DOMLEC. How can neither company be negotiating the purchase of our utility company where our SS money own 21%? That is hard to believe.
Instead of taking responsibility as the PM and minister of finance he is as usual looking to blame someone else. Blame the previous administration. What about responsibility. For once own up and stop the arrogance.
PAPA so de pm talking den, no wonda mister never take up a debate.
dat is twice wee domlec selling unda labour so is UWP dat cause de two sale den
what skerrit do all u he well do eh but one thing i know he is one man and he can only vote for himself, so wasn’t it the masses who put this administration there? so wats the hufffing n puffing about something in D/ca’s best interest and is so u all showing patriotism by bashing skerrit. Only in dominica some of us can talk not in any other country. skerrit went to school and got his degree like many of us so i dont see u all point. what had thee past admin do but coolay antiles and almost bankrupt acs and kill bananas. the past government know well who kill the bananas, they know . y u all never question the wealth that they have in barbados, is skerrit fence that low. LABOUR POWERRRRRR!!!! all u too ungrateful. Domnitjen say fami waychen!! and is true all u too bad. some of us never see what others go through unless the same situation end up in our lasalle. I LOVE MY PM and I LOve Norris Prevost that man has respect and willing to work with the country but not the others. Ask Edison Y he so hungry for power ask him. Instead he go to the house and ask sensible questions he just making ninsense out of himself. A A
What is wrong with my people? It is not a matter of Skerrit, Edison, John, Leader of Freedom Party. The sale of Domlec to one company or another will affect consumers in one way or another (either adversely, or positively).
Now with this being said, every one who intends to comment should be urging the government to take every action within its power to aquire the majority shares.
Instead, most of the comments are from jackasses who want to bray. They don’t care if they end up paying 50 percent more on eletricity bills; as long as Mr.Skerrit is made to look bad.
For once, let us stop cutting our noses just to spite our faces.
This is the Q95/UWP Effect…thats it buddy
Each time something went wroung they keep saying is U.W.P that do that if is so all they have to do is resign and let them finish there jop my GOd that P.M not easy he lieing so much P.M wat goes aroung comes aroung NO LAW NO Constitution WHAT HE THING SINCE WHEN HE WAT TO TELL THE POBLIC WHAT GOES ON SINCE WHEN
OKAY!
Under which statute in the LAWS OF DOMINICA is a shareholder required to inform the Government of Dominica that he is selling his shares??
Not enough money to give civil servants a raise but enough to buy DOMLEC!!! You guys serious? Does the news editor do his work or just act like another uneducated person on the side of the road? Boi on the same side I see plenty Dominicans talking crap, the government knows n can’t buy DOMLEC and if you make them fool you, man I feel sorry for you.
They you should tell go to hell! go to hell! go to hell! NOT us.
Us Dominicans can play politics with our lives too much. A company like domlec that has a monopoly in the country, I cannot see one way there the prime minister is wrong to say that. If domlec was in the hands of any Dominican gov we know exactly where to go and stage a protest for our bills. When it is in the hands of foreigners, I’d love to see Dominicans go to Barbados and protest. A company like that should have never been sold in the first place. This is absolutely ridiculous. Even if our gov couldn’t buy the company at least, give them a heads up, that’s all. Domlec well and truly offshore. Shareholders including myself is only after one thing, my dividends. If I invest in a Dominican company i would have a heart as to how I make my money. If I invested offshore I wouldn’t care how those dividends come because it doesn’t squeeze the people I care for, nor myself. That is the fact of what has just happened. So all who playing politics here and not looking at things logically, I hope money in your pocket for higher bills. Because is only one thing these people investing for and that’s dividends. You have no choice of another electricity supplier so you must take what you get and shut up now too. You all cannot go bdos and kick up no fuss
May i ask a few questions? did anyone ever find out what is the arrangement Domlec and Petro Caribe have? IS it true that Domlec has been sold the same price as the gas pump? is it true that Dowasco had incurred debt from Government and isn’t water free? imagine if the government owned domlec, more money for skerrit to travel on. Thats why he wants to buy it. dont be fulled dominicans.
Please note i dont mind the local people own it but i have a problem with domlec being sold to the government. Government needs to spend time managing our tax paying dollars and stop having a merry jolly time on tax payers namely civil servants money, stupes. so MMMMAAAADDDD!
Skerrit stop huffing and puffing. DOMLEC is a private company. The majority shares are owned by private interests. DSS only has 21 per cent. 79 per cent is owned by a private firm and individuals. Why should WRB get your permission or even inform you? The Govt’s interest is DSS,and so DSS should inform the Ministry which is responsible for DSS. In America, firms buy and sell shares in other companies all the time. They don’t inform the President. We have by and large a capitalist, free enterprise economy here. So, why the angry attitude? Are you grandstanding for your cheer leaders and unashamed admirers?
Weeeeeeh weeeeh weeeeeh papapaa, weeeeeh weeeeeh weeeeeh. How come Toni didnot tell the pm about Domlec? They should be on radio blasting Domlec all now and saying all kind of stuff to make Dominicans know that they are in charge.
Domlec en even taking this government seriously, cause dis government is something else. Look the PM blaming the past government bout Domlec, what did they do to change things and be untop of the game? Blame Game! Maybe he can go on dbs and say well: its uwp who told Domlec not to inform the government.
Domlec now , more to come, cause this government is surely not in charge. This government is soo out of it, one day they might just get up and hear petro cariabe going elsewhere.
As a matter of fact, all they are doing is getting fat and having fat pockets……. This government is the worst, worst, worst, worst things ever…..
People can come in Dominica and do as they please and pack up when they chose to.. Yet Dominicans will vote dem over and over! This thing with Domlec, is just an indicator that these folks en know what they doing. The PM once said Dominica was like a stool on two legs when he came on the scene but right now there seem to be no stoool and no legssssssss! When they out of sorts all they do is go on DBS, and talk talk talk talk. By the way, DBS national radio station, National library – looking nasty and on the next side is the Palaceeeeeee……. They should use the money for the palace to runn things in domlec, build library and fix dbs and so forthhhhhhhhhh
Passs mark for this Government so far: No Asssement! NA.
You not a labourite doh try that.
so what you are saying is that labourites can’t speak against the ill-deeds of this current administration?
for ONE and TWO and Three up to Sixty Three I sure CAN and Will because I love my party and Country
Mr Skerrit what goes around comes around, do unto others as you would have them do unto you, treat[people with respect and you will be treated the same
Think of all the secret deals that you are doing selling Dominicans sovereignty all over the place without informing Dominicans, take that and smoke it in your pipe
Fools like u does not have Dominica at heart. This is the problem with UWP supporters. You all go around destroying Dominica good reputation because you do not support the government.
When you say, ‘take that and smoke it in your pipe’ that tells me that you guys are so stupid that you cannot see that this is not about Skerrit but Dominica and Dominicans.
Do you guys have no brains at all. This is the same idiots that foreigners will use to destroy Dominica.
You all are blinded by politics yet thinking that you all are so smart.
To you idiot I have a brain and I am doing all that i can to utilize it to the best of my ability
For one you do not know me, nor do I know who the hell you are, therefore whoever you are i care less about you and what you have to say, you are entitle to your opinion and so do I
And to you fool I have no affiliation whatsoever with no political party, and i have to inform you that I am not going around destroying Dominica”s reputation nor doing anything to destroy Dominica”s reputation, Dominica’s reputation is already destroyed by skerrit
Please give me a break you fool there is nothing left of Dominica to destroy, go and shake your bag where you sell your charcoal you fool, also take this in your pipe as well and smoke it
Wow couldn’t have said it better. The sad thing though is that when he does his mess we the people pay for it.
sa lave.
what can I say than, sa lave.
Mr PM why did you fool the poor and indigent people of Dominica by telling them that Petro Caribe would cause them to realise lower energy bills and less money to spend at the pump?…
I CAN NEVER TRUST A LYING TONGUE.
Are you trying to make us believe that you care about the sale of Domlec? I am one who do not believe anything anything anything anything coming from your mouth Sir!
do u honestly believe ????????????? that the govern ment of domi nica does not care about the sails of domlec? i dont live home,, so i wont doubt that the pm and more tell lies,, so i will be areful of what i believe,,,,, but domlec,, come on ???????????? u know thats power there, and thats ,, yet every government r interesting in their power company,, because they know ppl will vote them out if they r to be blame for power outage,,,
Of course he cares. The new owners may decide not to buy their diesel from Petro Carib (they also own a share in the St. Lucie electric company, who buy their fuel from Hess). What is mr. Skerrit going to do then, not to mention “Millions” Austrie?
Me too… me tooo… me toooo!
Long before Skerritt is gone, giving you 6 months down the road, your words on the sale of Domlec will turn round and butt you in the rear. Politics got you peeps choopid.
Well, maybe he wanted to get a couple personal shares? You never know …
DSS owns 21% of the shares and I am sure they were well informed. The persons on DSS Board are all handpicked by Skerrit himself. Why didn’t DSS tell you??? Is that your way of throwing words rather than deal with your own statutuory body who appears to have sidelined you???? Go do your homework and stop plane hopping and globe tripsing.(if that is a word).
You are right. Mr. Skerrit’s favourite lawyer, Mr. Isidore is board member of Social Security. Union leader Bernard Ni9cholas is a member of its Investment Committee. So he did not know? Maybe hew was “out of office”, “out of state”?
No Law No Constitution Will Cause Me To care About Domlec.’Go to Hell; ‘Go To Hell’, Go to Hell’… I know what i care about…
Whether Domlec is sold or not, “I Will Still Continue To Milk The Cow”. THAT IS WHAT I CARE ABOUT.
Should’nt all Dominicans be pleased and thanked the UWP for the Domlec situation. It is because they were the ones who sold a Dominican company “Domlec” formally “CDC” to its present owners and now they sold it to the Bajan company.
Again, thanks to UWP and Earl Williams for the sale, after the sale which resulted in an increase of 18% in electricity rates, the great Earl did inform Dominicans that it was in the best interest of Dominicans to have an increase in rates.
This is what all UWP supporters should be rejoicing about.
Something of this importance to you and you have trivialize it to some Q95/UWP campaign track….and then you wonder why Skerrit will still be voted in again and you will be kept repeating these words for another 5 years
No this is not why Skeritt will be voted in again. He will be voted in again by the likes of you who instead of seeing the message in what the writer wrotes chooses to see the messenger instead. Blind defenders of a man who has done so many secret deals and transactions- we have no MOUs to see what’s up.
Gangnam what is your contribution towards the issue. If it is so important to you , rightly so , the express your valid opinion. Is it acceptable that the PM is telling us that the government was out in the dark on the selling of the company. Doesn’t make sense to you that not even Social Security the second largest shareholder knew that this was coming?
Just throwing a worm out there. Check whether or not Hartley Henry knew that tha Barbados company was coming in to take over DOMLEC. The answer is blowing in the wind. I know the answer cause I am Arbados are you
The government of dominica is the most powerful player in this situation.
All the government has to do is pass legislation to allow the State to acquire a majority interest in Domlec or the main energy provider. It’s that simple.
pass legislation to acquire? what about forking over money to acquire…this is not a socialist state!!
Oh, and who’s paying for that? Maybe issue another set of bonds drawn on a depleted Social Security?We sold the majority stake in Domlec because we needed the money in the first place, remember?
Or better yet…..
Let Chavez show him the techniques he Chavez used to nationalize a number of companies in Venezuela. Some of these companies were operated by serious U.S interest.
He Chavez found a way to take control of these companies “to chaud..to flam”
No garcon, inflation went through the roof instead in Venezuela and they still have regular power outages.
Agree totally with the PM. The first mistake was when Timothy sold Domlec!!!!!!!!
well well well let timothy buy it back it was he the labourite disguised as a uwp who actually sold it . lol because he is with them now where he belongs , lol
So Prevost shouldn’t even be in charge of anything in Dominica yet he is in charge of a ministry and Construction too. Who don’t knw don’t kniw
Totally agree with you!!!! UWP should not be allowed to point any fingers here and should keep their mouths shut!!!!
You forgot to add – under the UWP administration
But he personally escorted Timothy into his cabinet. If Timothy was so terrible why give him a spot next to you? It’s probably because he is just as bad as Timothy or worst! He knew he would get Roseau North with Tim he didn’t care what he had said about him before. Skeritt head on so all of allyou blindly following him don’t think for yourselves.
Has anyone ever considered that many of these so called “paros” have an inherent mental disorder? That they are sick people and should be treated a such. We do neither them, nor ourselves a favour by allowing them to roam the streets like ferral animals. It is a national disgrace, which reflects poorly on our society.
where does this come in…
He he are you saying the government Paro. Lol.
I wouldn’t be surprise myself..
And what does that have to do with Domlec?
wrong article my friend lol
well one dominican need to invest in an energy company
Whether the Prime Minister was informed on a short notice, he could have acted in the same manner he secretly acquired shares in LIAT. We are stil awaiting the details of the transaction.
Mr. PM is the transparency to great? You could not purchase the shares for your self and hide it, like the “villas” that is why you did not make any effort to acquire the shares and save Domlec from yet another foreign holder.
Well the same way you show disrespect the same way disrespect is metted unto you… In any case do you care anything much about the plight of poor Malaway in Dominica? My answer is NO!
The only lamentable thing is, we are not the owners of our own… And who knows whether this will bring more hardship or relief unto the already poor and struggling households on island? Only God!
this is twice under labour admininstration that domlec has been sold and government never bought it. the pm knows that government cant buy domlec while it is being supervised by the IMF.we all know the pm lied. social security is wrb’s partner in domlec and they knew. come better pm.
Deal with them PM. Who cannot hear will feel.
twice when was the first?
“It is none of your damn business”! ….who said that again??
the pm.lol
well pm this time you had no control unlike the time you make your descision and you say who vex burst
Mr.PM,
Now is the time to wave that magic wang of yours, stop that move and make this company a locally owned company again.
I own shares in DOMLEC bought when all Dominican were given the opportunity to purchase shares to keep DOMLEC Dominican. It was a shame that it was sold to the current owners who are now offloading it onto BL&P, with flagrant disregard for the Government of Dominica who shares ownership of DOMLEC showing the contempt they have for the people of Dominica, having used its own resources to reap the profits they have earned from DOMLEC. There is enough money sitting In individuals bank accounts which could be invested in the island’s utilities to keep ownership by the people for the people, but some of us do not have the foresight to see further than how much we have in the bank!! it is a shame
Our money sitting in our bank accounts is for when we retire. Already Social Security take what we won’t even get to buy stake in Marpin you think we want to risk anymore? Also American and Clico can’t pay us back what they promise us You foo? My money will be making little ones where it is there eh. If I could put it under my mattress I would. The banks aren’t even as trustworthy anymore
Just Nationalize the electric company!
I agree!
Domlec is the sole provider of electricity to the island and the government has a right to protect the people’s interest.
Furthermroe, as part owner , they should have been made privy to such information!!!
I am all for competition and the likes, but i’m more for protecting the poor man’s interest and the people’s interest should be safeguarded.
What if you were told that the Govt. also have an interest the supply of diesel fuel to Domlec through their 45% participation in PDV Dominica and that the profits from this plus the 15% of Vat on electricity bills gives them far more profit than Domlec make themselves? All this resulting in us having to face the highest electricity costs in the region? Would you want to give a Govt. an entire monopoly over energy supplies under such circumstances?
Government didn’t know.. really?
All depends on what the agreement re: sale of share actually stipulates regarding shareholders.
Government shares and share interest is paramount where the public is concerned and thus must be reviewed and protected by various clauses expressed in any agreement.
If no such clause(s) referring to “right of first refusal” or “shareholders being notified of each others intention to sell their shares”, then legally/ technically shareholders can sell when they want to whom they want at market price.
The PM should review all such agreements now. The PM however has the right as it represents DA interest to investigate the company(ies) to whom shares are sold to ensure they are financially sound, capable and have an investment programme to improve the quality and availability of service to its customers – DA public.
PM ….GOOD LUCK!!!!
But 4Progress you yourself stating this as if you firmly believe the person in question understands what you state. That is the inherent problem with Dominican leadership time after time. People become wizards of everything without understanding or seeking out the services of those who do so they can be guided in the decision making process that benefits the nationals. English major who was passing bad checks turn financial controller what you expect. Businessman turn minister of health just overriding hospital orders and buying majee meds and supplies from his bizawell and the list goes on.
papa god…sorry but so Skerrit looking now?? wha happen to him?? he used to look younger than me….now what going on here..i dont even have bags under my eyes no wrinkles yet…n i 40
But Skerrit turned 40 this June. His work is exhausting and stressful. D last dimple he had done disappear not Ostree he following nah? on a serious note one would expect that he would age and frankly I think he doesn’t look that bad all things considered.
i bet you not even supporting your children so u have nothing to worry about .the pm has to look over the entire country and thats a huge responsibility.have to look at hillary clinton and my president(obama) lately .see how they aged in a short time .i never trusted skerrit but your comment doesnt fit there.smh
since when Skeerit belive in informinig the public of anything
Pm just using that as an excuse , he was well inform about domlec current situation . Escape goat
Their is a saying in Dominica,do so never like so.Skerrit has signed countless agreements,endless MOU,Dominicans who pay his salary have never been informed,therefore,what is his problem. Resently,he informed Dominicans that he was going to Miami to meet with representatives of Carnival as regards their ships returning to Dominica,on his return, we were never informed my him as to what took place at that meeting.Maybe he signed some kind of agreement with Carnival,we dont know.I am not calling anybody a monkey,all I am saying is what monkey see monkey do monkey do.
It was time the PM say something. Thye must tsop taking us for goats. Pm make them respect you and us.
if other people see you own children disrespecting you, do you exoect them to respect you? I am wondering which power copany in the caribbean is under gov’t control. As a public company the people can do what they want with their shares. As someone said earlier, Dominicans had the opportunity to own Domlec but they/we chose not to invest in the company so don’t be crying now. In any case, what exactly i skerritt complaining about?
who do so never like so!!!
bravo, guess it was time we saw how we are treated eh
What does the sharehoders agreement say or may be the bylaw? Does it give the right of first refusal. And if not what are the ways avaibale? A legal opinion will add value here. It is no brainer that core utilities should be controlled by the Gov’t.
what is your problem MR. PM??
The company was sold AFTER the sale you speak about during a “previous” administration. and Your Government had no interest. it was being sold for less cash and INCREASED equity!
And number two you are really trying to tell the Nation that one, Government had no idea the company was being offered till the announcement? (in that case YOU and YOUR admin must have a terrible relationship with this Utility company and command NO RESPECT)
2. was your interest in the company ever made known over these past several years?
stupz give me a BREAK. no wonder you do not will not and CANNOT debate. Completely incompetent and pathetic.
And wasn’t that sale engineered by the Min. of Fiance at that time. The same person who did a 180 degree turn and was welcomed into your Cabinet with a ministerial post?
Skerritt is losing his memory quickly. Dominicans beware. Who agreed for the foreign Co. WRB INC. of Florida to buy DOMLEC? Skerritt’s DLP Govt. Right? The people of Dominica were advocating for DOMLEC to be again owned by Dominicans. Govt. did not listen. Who also owns majority shares in MARPIN? WRB Inc.?
Do so never like so. Skerritt is ranting about “not being informed?” Same way the Cabal Govt. refuses to inform Dominicans on pertinent issues of national importance. MOU, Passport sales, Non-Dominican Ambassadors with Diplomatic passports, etc.’ etc.’ etc., CLICO fiasco, scandal, scam and former CLICO boss and funds for DLP election campaign and many more investigated were all secret deals.
DOMINICA FOR SALE. What is worse, the citizens do not even care if they are sold to the highest bidder. They do not care if our utilities, natural resources are controlled by foreigners. What a nation!!!!!!!
What does the sharehoders agreement say or may be the bylaw? Does it give the right of first refusal. And if not what are the ways avaibale? A legal opinion will add value here. It is no brainer that core utilities should be controlled by the Gov’t.
Mr PM I’m right up there with you on that one. So if you really follow DNO like they say you do then you’ll give me a thumps up yeah. Get the locals to buy another thirty four or five thousand shares and let us run our own bills please. It is nothing like it use to be. I can barely iron my clothes and charcoals not so easy to come by these days at the market.
AMEN AND AMEN. If I had enough money I would in vest to save my COUNTRY from these so called investors. Dominicans come together invest yr money to save our country from these ppl. You see,that why I rather stay alone cuz every one looking for their pocket. Where are the big and bigger boss of Dominica come on stand up invest to save our country.
HA! so u feel how it is now? to do things then just throw it on people…. i believe the company action from your example Mr. PM
Mr PM I’m right up there with you on that one. So if you really follow DNO like they say you then you’ll give me a thumps up yeah. Get the locals to another thirty four or five thousand shares and let us run our own bills please. It is nothing like it use to be. I can barely iron my clothes and charcoals not so easy to come by these days at the market.