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Review: Review of the Report of the Comptroller and Auditor General entitled: "Energy from Waste Plant: revi

Committee/Panel: Public Accounts Committee
Launch Date: 1 April 2009 Close Date: To be advised
Submissions Deadline: To be advised Review Status: Report published
Review Report(s):

About

The Comptroller and Auditor General report " Energy from waste plant - management of foreign currency exchange risks".

Terms of reference

  1. To review the report of the Comptroller and Auditor General entitled: ‘Energy from waste plant – management of foreign currency exchange risks,’ presented to the States on 23rd March 2009 (R.24/2009 refers).
  2. To establish whether –
      • the currency exposure disclosed to the States in P.73/2008, which led to the cost of the procurement being higher than the cost originally indicated to the States, could have been avoided;
      • the total project cost of the energy from waste plant could have been reduced had there been sufficient staff with appropriate skills and experience within the Treasury and Resources Department and had failures not occurred in basic administrative practice;
      • and procedures could be implemented within the States to ensure the effective management of foreign currency exchange risks in future.
  3. To examine any further issues relating to the topic that may arise in the course of the review and which the Committee considers relevant.