Amaila Falls Hydro Electric Plant
Posted by: Denis Chabrol in DEMERARA WAVES -Monday, 30 May 2022
Six months after China Railway was identified as the preferred bidder to open negotiations for the construction of the US$700 million Amaila Falls Hydropower project, that company has told the Guyana government it could not afford a Build Own Operate Transfer (BOOT) model, Vice President Bharrat Jagdeo said Monday.
“The negotiations are very difficult and as of April 22nd, they wrote us saying that they are having a hard time doing the boot contract and they want to shift to an EPC (Engineering Procurement and Construction) plus finance; that the government finances the project and then they would be the EPC contractor,” he told a news conference. Continue reading
