Georgetown: Government is yet to decide on the way forward with the Amaila Falls Hydropower Project (AFHP) but Minister of State Joseph Harmon Wednesday said that the project continues to be under review and that a definitive statement would be made at a later stage.
Harmon was asked about the status of the project during his weekly post-cabinet press briefing and he said that apart from the economic feasibility study done by the Inter-American Development Bank (IDB) there are other issues that have to be addressed.
“…Government was advised that there are some other peripheral matters which the previous government had entered into with certain companies which need to be addressed,” the minister said.
“There are some other issues… connected to the project that have nothing to do with the economic viability report,” he continued.
Harmon had said that the decision to continue or not hinged on the report of the study that was expected to be presented to government by the bank. However, presently the report had not yet been received.
The IDB is holding US$80 million from Norway in its accounts as Guyana’s equity in the project and Guyana was also seeking a loan from the bank for the AFHP.
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