Civil Society activist says Amaila Falls Electricity Project will add up to much more than US$840 million
The Georgetown Chamber of Commerce and Industry (GCCI) today endorsed an earlier statement by the Umbrella Private Sector body in calling on all parliamentary stakeholders to support the passage of the Guarantee of Loans (Public Corporations and Companies) Act” and the Hydro-Electric Power (Amendment) Bill 2013.
Passage of these two pieces of legislation is seen as key for the Government to convince the financial backers of the Amaila Falls project to put in their money.
The Government has been saying that Amaila will produce double the amount of electricity being produced, make cheap, reliable energy available for businesses and potential investors, and for the poor and vulnerable – a lower electricity rate.
But Civil society activist Raymond Gaskin disagrees, saying that electricity rates could eventually go up.
And then there is concern that the weather pattern could bring along droughts that would disrupt power generation.
Gaskin said the manner in which the project was conceptualized was not the best way to go, since it lacked transparency.
The civil society activist is of the opinion that all the documents related to the project should be put out in the open and the Government should not hide behind the excuse that the project is in the negotiations stage and documents have to remain confidential. In any case, Gaskin argues that the Government should start back from scratch.