[www.inewsguyana.com] – The Inter-American Development Bank yesterday (Wednesday, June, 25), approved a $64 million project which is aimed at strengthening the capacity of the Guyana Power and Light (GPL) Inc.
This was announced by President Donald Ramotar while addressing the 22nd Annual General Meeting of the Private Sector Commission (PSC).
The project is aimed at bringing the current GPL systems up to scratch; making it ready to receive and distribute electricity from any hydro plant.
The President also indicated Government’s continued interest in Sithe Global and Blackstone for the construction of the Amalia Falls Hydropower Project, for which funding was not approved by the combined opposition in the National 2014 Budget.
The President however noted that there are other options which the administration is currently exploring.
The cry for cheap energy continues to bellow from the private sector. To this end the President highlighted the Amalia Falls project as the main factor for Guyana to gain a competitive edge on the international scene and boost the economy with the use of cheap and reliable.
President Ramotar stated that despite the opposition’s attempts to sabotage the hydro power project, it is still being persued.
Sithe Global and Blackstone remains within the Government’s vision for this project. The President said “Guyanese will not wait forever.” (By Tracey Khan Drakes)
I do hope that these funds are being monitored to the cent.