Officials of Sithe Global, the developer of the Amaila Falls Hydroelectricity Project, say that the delay in financial closure of the project until next year will likely result in a higher overall contract cost since foreign currency exchange rates could change over the period.
But they maintained confidence in the project, saying it remains “fundamentally strong” because “it is the lowest cost option for GPL and its ratepayers.”
Government last indicated a contract price of US$835M, up by m