The review of the financial model of the Amaila Falls Hydropower Project (AFHP) is yet to begin but it will be completed by the end of the year, Minister of Natural Resources Raphael Trotman says.
“We’re at the stage of having Norway make the final determination and we have, in fact, settled the terms of reference about two weeks ago, IDB, Guyana and Norway,” he told Stabroek News on Thursday. “Norway will tell us when they’re ready to proceed but the ball is in their court now. But certainly before the end of this year, that review will be finished,” he said.
Trotman noted that Guyana had identified Norwegian firm Norconsult as the company that it is comfortable with to undertake the project but Norway, based on its own laws of transparency and bidding rules, did not want to just go with that choice. “We’re in the process now of
