Head of the state holding company, NICIL, Radha Krishna Sharma, in response to queries from this newspaper over the termination of a deed of lease yesterday said he is not in position to comment on the matter.
In a written response to this newspaper, Sharma explained that the matter is engaging the attention of the court and therefore his agency is unable to respond. Also in his response, he informed that both his agency and the company’s position are stated in court documents.
National Industrial and Commercial Investments Limited (NICIL) last November served notice of the intention to terminate the deed of lease agreement with Guyana Initiative Against Climate Change (GIACC), a US-based Guyanese-funded investment, which aims at producing two types of fertilisers using renewable energy and raw materials of air and water.
