Sithe Global making “good progress” on Amaila hydro-project financing

Senior Vice President for Development of Sithe Global James McGowan said the company is “making good progress” on current negotiations and discussions with regard to attaining financial closure for the Amaila Falls Hydroelectric Project and will update the Guyanese public formally next month.

“Since our last update on June 17th, we continue to make good progress on discussions with the lenders and contractor,” McGowan said in an email to Stabroek News yesterday. “We intend to