Ramotar sees closure of Amaila deal in months

Donald Ramotar

President Donald Ramotar last night said that “within months” the government expected to achieve financial closure and the start of construction of the Amaila Hydropower Project (AFHP) for which he announced Norway has transferred US$80M to the IDB.

In his New Year’s address to the nation, the President avoided any disclosure on when general elections would be held even though he had said last year that early in 2015 he would make an announcement. Instead his address signalled the intent to pursue a series of projects, prime among which is the ambitious hydropower project which stalled