OK Folks:
Let's talk about this US$850 million Amaila Falls Hydro project.
There is no question that a hydro project that is carefully planned and sensibly financially structured would be a great asset for Guyana.
But the Rev being a man of numbers is starting to have some deep, deep, deep reservation about the current Amaila falls hydro project.
THERE IS SOMTHING FISHY ABOUT SITHE GLOBAL--THE PROJECT MANAGER FOR THE HYDRO PROJECT.
A few years ago the Amaila falls project was slated to cost around US$450-500 million---that figure is now up to US$850+ million---and soon we'd be reading about the project costing $US1 billion+.
Sithe Global claims that they will be injecting US$150 million as equity--and they are demanding an unrealistic 19% Return on Investment.
And then we just found this out:
"Makeshwar ‘Fip’ Motilall will receive at least US$12 million in profit from the entire affair. Synergy Holdings was originally awarded the contract to construct the Amaila Falls Hydro Power Plant but after failing to secure financiers to back the project, was forced to sell his licence to Sithe Global."
Link
SO CON-MAN MOTILALL GETS US$12 MILLION FOR FAILING.
By the way, how much of that 12 million will be shared with Jagdeo and his cronies ?
Listen folks--these numbers pertaining to the Amaila falls hydro---the 850 million cost---and the 12 million paid to Motilall---the 19% return on investment Sithe global expects, etc, etc----these numbers dont make sense---there is a lot of shadiness and suspiciousness about the people involved in the hydro project.
THERE IS SOMTHING FISHY ABOUT THIS AMALIA FALLS HYDRO PROJECT.
Right now, Sithe Global, Fip Motilall, etc, etc, etc dont pass the smell test.
No way the Guyana parliament should approve the current Amaila falls project----this project smells like a rotten egg---its stinks!
THE REV HAS SPOKEN--THE TRUTH!
Rev