165 megawatts Amaila Falls hydro-electric project in Region Eight.

“If you are being asked to fix a man’s motorcar and he brings the hub caps and the back windscreen alone…is it reasonable to say that you have looked at it and fixed it? There is not any Amaila falls project before Parliament and there has never been.”- Greenidge

Hours after the US developer officially confirmed its pullout from Guyana’s flagship hydro electric project, the country’s largest Opposition bloc has made it clear that it is prepared to support a new proposal that would guarantee lower tariffs to consumers.
Senior leaders of A Partnership For National Unity (APNU) also defended the party’s non-support of two pieces of Parliamentary legislation last week which has been blamed for triggering the decision by Sithe Global to end its participation in the planned 165 megawatts Amaila Falls hydro-electric project in Region Eig

Greenidge also admonished the President’s tone in recent “abrasive” statements over the weekend in which the Opposition was accusation of not being nationalistic.
“This is a man who is leading a party that has burnt state property in the past. He can’t lecture to anybody about nationalism.”

i wonder what he talking about

Sithe Global had committed US$158M to the project and along with Guyana’s US$100M, it gave a 60/40 make-up in ownership.
What government also did not say is that Amaila Falls Hydro Inc., negotiated and secured a loan for the project. That loan is for US$500M from the China Exim Bank, along with another US$100M being sought from the Inter-American Development Bank (IDB).
The loans together with the money by Government and Sithe Global, brings the total project cost to the quoted US$858M.

of course it takes borrowing PNC