THE head of the Woking Borough Council struck in criticism of the plan for the authority to build power plants in Milton Keynes.
Meeting last Thursday (October 21), Councillor John Kingsbury admits that it would be "to jump on the opportunity" to dispose of the initiative, which already has the Council more than 17 m ￡ by its subsidiaries.
Mr. Peter Ankers, the only independent member of the authority, has challenged the leader at the level of the Council of the loan and questioned how it would be before that taxpayers have seen a return on investment.
He said: "the interest of the Woking bank pays the Bank of England is about the same as what we pay in tax Council."
"In 2008, said Council Thameswey Milton Keynes profits would be perceived by 2015, and which became 2020"
Thameswey Central Milton Keynes Limited (TCMK) was established by the Council in 2005 as an investment in the long term for the supply of energy for homes and businesses in part in development of the town of Buckinghamshire.
The first power plant was operational in 2007 and the Commission has already spent ￡ 17.8 m on the costs of construction.
TCMK withdrew a loan of 5 million pounds of Lombard North Central development and also borrowed money from its parent company, Woking Borough Council.
M. Kingsbury said the Council has a duty to adhere to its commitments but excluded from all other stations of energy after the first was fully operational.
He said: "it is true that the performance we expected from Milton Keynes is less than we had hoped, but we crossed a recession and we know the problems of Milton Keynes.".
"We know if there is an opportunity to elimination of investment, one would jump at the chance to do so."
"We are where we are with Milton Keynes and it is needless to say the same thing, when we are committed to something."
Of the week last meeting, advisors has given the green light for TCMK withdraw the remaining ￡ 750,000 ease 3 million loan amount of ￡ certificated in 2009.
An additional withdrawal 1 m ￡ has also approved a second facility loan of ￡ 4.5 m.
According to M. Kingsbury, break ties with station effect energy regime immediately would be a "disaster" for the Council.
He added: "try and dispose of Milton Keynes is now simply not and the cost to the Board would be huge.
There are many here who wish it had never occurred, but we started it, and we must complete.
To try to force a closure would be a disaster and we have to see through.
"We have a series of investment deficit and at this stage, we will do our best to get rid of Milton Keynes at our earliest opportunity, but we'll see."
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