President tags IDB for ‘major’ renewable energy project

The Inter-American Dev-elopment Bank (IDB) is working with Guyana on the implementation of a major project on renewable energy which will see Guyana receiving about 90 percent of its energy from renewable sources, President Donald Ramotar has reiterated.

He made the comments during his address to the 6th Summit of the Association of Caribbean States (ACS) on Wednesday in Mexico. While he did not identify the project, it is likely the Amaila Falls Hydroelectri-city Project (AFHP) which government had vowed to resuscitate after the developers walked away last year. In March, the president told reporters that the controversial AFHP is once again being examined by the IDB board and they would hopefully be wrapping up soon. He was also hopeful that the developers, Sithe Global, who withdrew, will be back on board.

“Although these are preliminary things I’m speaking about I don’t see that we have lost Sithe Global or that we have lost Blackstone as yet,” he had said. If these companies choose not to participate then alternatives will be sought but at the moment “we are not convinced that we’ve lost them,” the president said. In this year’s budget,  …..To continue reading, login or subscribe now.

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