With Sithe Global confirming its withdrawal from the Amaila Falls Hydroelectric Project (AFHP) over its failure to win full support from all the parliamentary parties, Private Sector spokesmen yesterday blamed partisan politics for setting the country back and warned of growing fear among investors.
In an advertisement ap-pearing in today’s Sunday Stabroek, the developer formally announced its withdrawal from the US$858.2 million, 165 megawatt AFHP, lamenting that all parties were not willing to set aside politics for the broader public good.
“The project was supported by the PPP, AFC and virtually all other non-partisan organisations that reviewed the project. However it was not supported unanimously by all three political parties, a necessary prerequisite to the project receiving international development funds re-quired to complete it. Thus, the project cannot move forward,
