Sithe Global yesterday made good on its threat to exit the Amaila Falls Hydro project over the lack of political consensus on the venture but President Donald Ramotar last night vowed to continue working to make the nearly US$900 million project a reality.
Head of NICIL Winston Brassington confirmed Sithe’s exit to Stabroek News but the prospective developer will make an announcement in tomorrow’s Sunday Stabroek on the withdrawal, which is seen as rattling a government that has invested years of effort and money into the controversy-wracked, green energy project in the mineral rich Cuyuni/Mazaruni.
Sithe’s President Brian Kubeck told this newspaper yesterday that the company’s position on political consensus has not changed. Only the PPP/C and the AFC voted in favour of two Amaila matters on Wednesday. The main opposition voted
