Part 6
Last week’s column indicated that the financing arrangements for the Amaila Falls Hydropower Project (AFHP), envisaged GPL playing a pivotal two-pronged role. On the one hand, one of its several weaknesses (reliance on costly and price volatile imported fossil fuel) provides the most persuasive rationale for the urgent replacement of GPL with an affordable environmentally sustainable domestic electricity source. This rationale is captured in the general priority given to hydroelectricity in all published versions of Guyana’s public investment strategy.
However, as argued here this priority does
