[www.inewsguyana.com] – Despite the death of the controversial Amaila Falls Hydro Project, Sithe Global is still in possession of the Hydro license.
Cabinet Secretary, Dr. Roger Lucheon told reporters on Wednesday, November 6 that the license has not been revoked.
“But that is not by any means constitute any basis to say that a license that is being used with the effect of executing a project is what currently exists. This is just what I would consider a leftover of an initiative that has not been conclusive,” Dr. Luncheon explained.
Sithe Global was the main investor in Guyana’s Amaila Falls Hydro Project, however due to the non – support of the project by the Opposition political parties, the U.S Company withdrew from the project, losing some US$16M.
Since the withdrawal of Sithe Global, the Opposition has been calling on government to cancel the license.
