Government has abandoned efforts to obtain $3B from the Guyana Geology and Mines Commission (GGMC), a source close to matter said on Friday.
“They got the money from GPL (Guyana Power and Light) to pay GuySuCo so they no longer pursuing the GGMC Avenue,” the source told Stabroek News.
The source referred to GuySuCo’s sale of its co-generation plant and three Wartsila power units at Skeldon to a state-owned company specially created for the purpose at a price of US$30 million saying that those monies will be used in the ailing sugar industry.
