Minister of Finance Dr. Ashni Singh yesterday tabled a Motion to increase the limit on total guarantees that can be issued under the Guarantees of Loans (Public Corporations and Companies) Act from $1 billion to $150 billion or approximately US$730 million as a means of guaranteeing that Guyana Power and Light is able to purchase the power that the Amaila Falls hydroelectric facility will generate.
It is expected that the Motion will be debated shortly in the National Assembly and Government is optimistic that
