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Decision by Sithe Global to pull out from the Amaila Falls Hydro-Power Project was a corporate one

sithe-globalThe decision by Sithe Global to pull out from the Amaila Falls Hydropower Project was a corporate one and was premised on the need to safeguard its financial interest.

This view was from APNU’s MP Dr. Rupert Roopnarine, who was part of a panel of APNU executives who addressed the media on the Amaila Falls Hydropower Project on Monday.

Dr. Roopnarine said that Sithe Global’s insistence on the parliamentary consensus on the project was to ensure that the project will continue if there is a change of Government.

Sithe Global had pinned its continued participation in the project once Parliament would have unanimously passed the Hydro-Electric Power Bill and the Bill to extend Guyana’s external debt ceiling.

On Monday APNU indicated that until the Government reconfigures the current package for the Amaila Falls Hydropower Project and they are satisfied with its content, only then will they support the project.

Additionally, the Party is also calling for the immediate cancellation of the license, which was originally given to the then developer, Fip Motilall.

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