Sept., 14, 2013

RE: “BVI-based company offering to buy Marriott building –Ramjattan -gov’t still seeking $$, investors to finish project”

The claims made in the above noted article published in Stabroek News September 13, 2013, are absolutely untrue.

Chairman of Atlantic Hotel Inc. (AHI), Winston Brassington told Stabroek News that AHI is in the closing stages of a deal with a foreign investor and that the name of this investor will be announced when there is financial close. In general, private investors are usually reluctant to make premature public disclosures about their business and in this case there is greater apprehension to do so given the hostile and unwelcoming political environment created by the Opposition parties. Nevertheless, the private investor is aware, and acknowledges, that given its intended relationship with the Government of Guyana, it will be required to make a public announcement which it is prepared to do at the appropriate time.

Sept., 2, 2013

Statement by Minister of Finance, Dr. Ashni Singh.

APNU recently said that it would not take responsibility for the demise of the Amaila Falls project. The Party claimed it had no knowledge that its Parliamentary vote on July 18th , and again on August 7th would prevent the IDB from completing its due diligence work and that without Sithe Global, the developer of the Amaila Falls project, and the client of the IDB, the Bank would be unable to continue.

Aug., 28, 2013

Some weeks ago, my team and I spent seven hours with Mr. Christopher Ram, making available to him all information he requested concerning the Amaila Falls Hydropower Project.

At the end of the meeting, Mr. Ram made two commitments.

Aug., 28, 2013

The IDB’s due diligence has now ceased, and without it, the public review of the Amaila Falls Hydropower Project cannot move forward. APNU was asked to join a consensus which would let the independent IDB complete its last few weeks of work on the Project’s due diligence. Most importantly, it would have facilitated a six week public review of the Amaila Falls Hydropower Project.

Aug., 27, 2013

A multiplicity of comprehensive and extensive evaluations of the hydrological conditions of the Amaila Falls Hydroelectric Project (Project) site has been carried out by a number of international engineering firms.  Accordingly, the Government of Guyana is pleased to release the hydrologic studies completed as part of the feasibility analysis of the Project.

Aug., 26, 2013

In 2017, consumers and businesses across Guyana will still be paying too much for their electricity, because the Amaila Falls Hydropower Project was killed by APNU.

Aug., 25, 2013

The Kaieteur News article dated August 25, titled “Amaila Project—Government refused to make disclosures—APNU,” is another tale of distortion of the facts regarding the Government’s involvement of the opposition in the development of the Amaila Falls Hydropower Project.

Aug., 19, 2013

C. Kenrick Hunte raised the question of who owns the debt in the Amaila Falls Hydropower Project and argued that the Government of Guyana (GoG) in approaching Parliament to increase the debt ceiling amounts to the Government borrowing the debt. See Stabroek News of August 19th 2013.

Aug., 16, 2013

In early June, 2013 the Government consulted and shared with the joint-opposition a number of key Amaila Falls related project documents and reports. One report, entitled “Economic and Financial Evaluation Study: Guyana-Amaila Falls Project”, prepared by Mercados Energetics Consultores and commissioned by the Government in 2009 found that the Amaila Falls project i) would provide an economic rate of return of 33% to Guyana, ii) would reduce GPL’s average supply costs and iii) would bring structural benefits to GPL.

Aug., 16, 2013

Earlier this week, I spoke of how I was urging a national consensus in support of the Amaila Falls Hydropower project, and of how it was time to put partisan politics aside in the interests of Guyanese for generations to come.

Aug., 13, 2013

There has been considerable confusion in recent weeks concerning the costs of the Amaila Falls project to be borne by Guyana. In the interests of clearing this confusion, and to facilitate an informed debate about the costs of Amaila Falls, please note the following:

Aug., 13, 2013

Yesterday, the APNU issued a statement where they definitively put on record why they continue to not support the Amaila project. 

Previously, they said they were not being consulted properly—but now it seems that the APNU has decided that this is no longer a defensible strategy:  “I want to stress, the issue as far as I am concerned is not that the Government hasn’t given us information… they have given us information, there isn’t any doubt about that.” (Carl Greenidge, APNU Press Conference, August 12 2013)

Address to the Nation
By
His Excellency Donald Ramotar
President of the Republic of Guyana

August 12, 2013

Sithe Global/Blackstone Withdrawal from the Amaila Falls Project

My Fellow Guyanese, I take this opportunity to let you know that the partners we have been working with, to develop the Amaila Hydro Project, Sithe Global/Blackstone, have withdrawn from this project.  They took this decision after a numerous efforts by the Government, national stakeholders and the two companies themselves to obtain Parliamentary Opposition support, but failed.

Aug., 11, 2013

STATEMENT FROM HIS EXCELLENCY PRESIDENT DONALD RAMOTAR CONCERNING THE AMAILA FALLS PROJECT

All Guyanese will be aware of the latest negative developments concerning the Amaila Falls project, and the intention of Sithe Global - the project's developer - to withdraw from the project, because of a lack of political support from all parties in the National Assembly.

Yet even at this late hour, there is a small window of time for our country's leaders to rise to the occasion, and to make a decision on Amaila that is based on patriotism, not partisanship.

The Government of Guyana wishes to place in the public domain detailed information in relation to the efforts made to engage and consult with the Parliamentary Opposition on the Amaila Falls Hydropower Project.

Aug., 6, 2013

Amalia Falls Hydro Inc. (AFHI) would like to reiterate the message that we can only proceed with the project if there is consensus amongst the PPP, APNU and AFC, communicated via Parliament, that they unanimously support of the Project.

July 29, 2013

In an article published by Kaieteur News yesterday, Opposition members Joseph Harmon and Khemraj Ramjattan presented a Pakistani hydro project as comparable to Amaila. In reality, the Pakistani project, called the Patrind Hydropower Project, could not be more different than Amaila. The result is yet another example of the Opposition trying to use apples-to-oranges comparisons to purposefully mislead the Guyanese people.

July 29, 2013

Minister of Finance Dr. Ashni Singh is expressing unease that the joint Opposition over the last 18 months, failed to raise any follow up questions or presentations regarding the Amaila Falls Hydro Power (AFHP) project: 

July 20, 2013

The defeat of the July 18, 2013 Amaila Bill and Motion by the Opposition

--An act of terrorism against the development of Guyana

My fellow Guyanese, Following our 2011 elections, I was hopeful that this unprecedented configuration of our Parliament would have allowed us the opportunity to move forward. I had hoped that all the political parties in Parliament would had worked together in the interest of the Guyanese people. Last evening those hopes were dashed.

Finance Minister, Dr. Ashni Singh today signaled that this Thursday’s sitting of Parliament is critical for matters relating to the Amaila Falls project.  Two matters up for discussion on Thursday 18th July include:

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