After months of negotiations, discussions for the Amaila Falls Hydropower Project (AFHP) between the government and China Railway First Group Limited (CRFGL) have ended in deadlock.
The parties, according to Vice President Bharrat Jagdeo, could not arrive at a mutually agreeable financing model.
Jagdeo told Stabroek News yesterday that government had no other choice but to terminate the months-long negotiations as CRGL was unable to put up the financing for the controversy-ridden project.
