Gas-to-energy contractor, CH4-Lindsayca, has moved to a Dispute Adjudication Board as it is locked in a stalemate with the Government of Guyana over the sum of US$50 million the company feels it is owed because the Wales, West Bank Demerara project site was delivered to it three months late, Vice President Bharrat Jagdeo on Thursday said.
Disputing a Reuters report which stated that the contractors for the project have taken government to arbitration for US$90 million for cost overruns, Jagdeo said that monies are US$50 million and that government was advised, following a review by its supervisory project consultant, Engineers India Limited (EIL), that the claims lacked merit.
“It is US$50 million, not US$90 million…” Jagdeo clarified with Stabroek News last Thursday evening, after assuring at a press conference he hosted at Freedom House, Georgetown, that he would.
