18 Sep 2008

CUC banking on money from government and school system to pay for generators

10:17 am on 18 September 2008

The Commonwealth Utilities Corporation in the Northern Marianas is counting on the central government and the Public School System to pay more than US$3 million in past debt in order to pay for the Aggreko generators.

CUC Executive Director Antonio Muna said yesterday the government owes US$1.6 million while PSS owes US $1.8 million, he said.

He says he is confident the government and PSS will pay the debts.

The PSS paid US$1.6 million to CUC in July after the Finance Department became involved in the situation.

The CUC paid Aggreko $1.5 million to ship the generators, and must pay $504,000 28 days after Sept. 12th when the generators were first turned on.