Tag Archives: Amaila Hydro Project

Amaila Hydro project…Price jumps to US$915M

Amaila Hydro project…Price jumps to US$915M


 …addition US$57.2 unearthed in project document

The Guyana Government has committed US$157.2 to the Amaila Falls Hydro Electric Project, US$57.2M more than the US$100M that it has been maintaining all along.
This was contained in the ‘Confidential Project Document’ leaked to this publication. This means that the revised price tag is now in excess of US$915M.
According to the project document for the Hydro Electric Plant, in 2014 and 2015 the Government has under its ‘financial commitment’ to the project, committed  US$21M to be paid each year from its Fund for Special Operations  [Read more]

Months after US$ 902M Hydro Plant kicks in…Uganda forced to increase electricity tariff


…Sithe Global rate of return on project similar to Guyana’s 19%  

Sithe Global, the developer for the Amaila Falls Hydro Electric Project, also built the US$902M, 250MW Hydro Plant in Bujagali, Uganda, and the power company in the African nation is once again being forced to ask for an increase in electricity tariff.   The request comes just months after that Hydro Electric Plant would have been commissioned.   Continue reading

Capitol News TV News vides 26 August 2013

Capitol News TV News vides 26 August 2013

  • No shift in the position of the country’s main opposition party on the Amaila Hydro Project issue
  • University of Guyana officially reopens
  • Former Attorney General and Senior Counsel Doodnauth Singh cremated
  • Young man lashes out at some members of the Police Force over what he views as unprofessional conduct
  • Horse Racing – Elle’s Vision gallops away with $5mil grand prize

View TV News videos  – click links below:

No shift in the position of the country’s main opposition party on the Amaila Hydro Project issuePosted: 26 Aug 2013 04:57 PM PDT  Continue reading
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