Government has until early next month to indicate to the Inter-American Development Bank (IDB) whether it intends to continue with the Amaila Falls Hydropower Project (AFHP) with the decision hinging on an economic feasibility study done by the Bank.
Minister of State Joseph Harmon told reporters at his post-Cabinet media briefing on Wednesday that a lot would depend on the results of the study which was expected to be presented to the administration that day. The IDB is holding US$80 million from Norway in its accounts as Guyana’s equity in the project and Guyana was also seeking a loan from the Bank for the AFHP.
Last Friday, President David Granger in an interview with Stabroek New had indicated that his administration was unlikely to proceed with the project though it is still interested in hydropower. He had said that they wanted to gather
