{"id":7755,"date":"2018-12-27T12:51:05","date_gmt":"2018-12-27T17:51:05","guid":{"rendered":"https:\/\/projectcalls.com\/dev?p=7755"},"modified":"2018-12-27T12:51:05","modified_gmt":"2018-12-27T17:51:05","slug":"10-submissions-for-three-government-owned-sugar-estates-concerns-raised-about-competition-with-guysuco","status":"publish","type":"post","link":"https:\/\/projectcalls.com\/dev\/10-submissions-for-three-government-owned-sugar-estates-concerns-raised-about-competition-with-guysuco\/","title":{"rendered":"10 submissions for three government-owned sugar estates; concerns raised about competition with Guysuco"},"content":{"rendered":"

Several companies, including a United States (US) company with Middle Eastern connections, have bid to buy three of the six sugar estates owned by the Guyana government, on condition the buyers would continue to plant sugarcane and guarantee local employment, officials said Thursday.<\/p>\n

Managing Director (Deals) of PricewaterhouseCoopers Tax and Advisory Services Limited, Wilfred Baghaloo said the prospective investors, before submitting their bids, had questioned whether they would be competing with the state-owned Guyana Sugar Corporation (Guysuco) for the same markets, access to cane varieties and the nursery and shipping logistics.<\/p>\n

\u201cThe major concerns of potential bidders related to\u00a0 regulations that are needed\u00a0 to ensure fair competition between government, that is the legacy Guysuco,\u201d he said. \u201cAs you know the government has agreement with SPS, a sugar protocol with the US (United States) government for access to sugar. We no longer agreements with the EU (European Union) but, in making their assessment of markets, they would like to know do they have access to the same markets,\u201d Baghaloo added.<\/p>\n

Other areas of concern by the likely investors, he said, included the state of the assets such as whether they are scrap metal or a potential going concern.\u00a0The National Industrial and Commercial Investments Limited\u2019s (NICIL) Special Purpose Unit has been reactivating the Enmore, Skeldon and Rose Hall factories to offer them as going concerns, months after the Guyana government had closed them down.<\/p>\n

Baghaloo declined to immediately release the names of the companies, but said they included one from the US\/Middle East and several other local companies. He promised to release the bidders\u2019 names on Friday after sifting through the\u00a010 submissions to first ascertain which companies submitted bids for one or more than one estates.<\/p>\n

\u201cWe got ten envelopes but that doesn\u2019t mean we got ten bids and we are not able to determine that,\u201d he said, adding that the team knows the names of the companies but first needs to summarise them\u2026.In other words, you can have one person submitting three bids,\u201d he said. The PricewaterhouseCoopers official said the bidders include one based in Florida with shareholders in the Middle East, and other companies from the Caribbean. The locally-owned Demerara Distillers Limited has long expressed an interest in taking over the Enmore Estate\/ East Demerara Estate.<\/p>\n

Unlike the process at the National Procurement and Tender Administration Board, under the Procurement Commission Act, in which the names and price offerings are made public, Baghaloo said the prices would not be disclosed until most likely at the end of the process when Cabinet makes its decision<\/p>\n

Privatisation Specialist at the National Industrial and Commercial Investments Limited\u2019s (NICIL) Special Purpose Unit, Shawn Persaud said buyers of the Skeldon, Enmore and Rose Hall estates would be expected to use the sugar industry specific infrastructure and the labour. \u201cThere would be some importation of labour but that\u2019s mainly the technical people if they can\u2019t find them here but our casual workers have to be employed,\u201d he said.<\/p>\n

Baghaloo said sugarcane could be used to produce cosmetics, molasses, sugar crystals, liquid sugar, and electricity generation.<\/p>\n

Although the bids were opened at 4 PM Wednesday in the presence of officials of PricewaterhouseCoopers, Auditor General\u2019s Office, members of the steering committee and bidders, Baghaloo\u00a0 said he could not disclose the names now.<\/p>\n

Going forward within the next 30 days, he said business and asset valuations would be conducted, ascertain whether the bids complied with the information memoranda that were sold at US$1,000 each, analyse the bids in keeping with the evaluation criteria, made recommendations to the Steering Committee and\u00a0the National Industrial and Commercial Investments Limited\u2019s Special Purpose Unit which would eventually make recommendations to Cabinet.<\/p>\n

\u2026 more<\/a><\/p>\n

\u00a0<\/p>\n

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Image:\u00a0 Pxhere<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Several companies, including a United States (US) company with Middle Eastern connections, have bid to buy three of the six sugar estates owned by the Guyana government, on condition the…<\/p>\n","protected":false},"author":19,"featured_media":7766,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[112],"tags":[215,116,113],"class_list":["post-7755","post","type-post","status-publish","format-standard","has-post-thumbnail","category-newsdevelopments","tag-agriculture","tag-guyana","tag-tenders"],"aioseo_notices":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/projectcalls.com\/dev\/wp-content\/uploads\/2018\/12\/Sugar-Cane-pxhere.jpg?fit=1024%2C683&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p6u9Qa-215","jetpack_likes_enabled":true,"jetpack-related-posts":[{"id":19884,"url":"https:\/\/projectcalls.com\/dev\/programme-being-launched-to-remind-staff-of-guysucos-procurement-manual\/","url_meta":{"origin":7755,"position":0},"title":"Programme being launched to remind staff of Guysuco\u2019s Procurement Manual","author":"Mayra Bonilla Lopez","date":"December 16, 2021","format":false,"excerpt":"Guyana As a citizen, I have always believed in accountability by public officers and transparency in their action. 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