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Amaila Falls Project – Gov’t slams PPP anti-national stance

…says continues to engage IDB, Norway

THE government has again committed itself to full transparency in determining the future of the Amaila Falls Hydropower Project, following accusations by Opposition Leader Bharrat Jagdeo that the issue is shrouded in secrecy. “It is not that there is no transparency and all of that information is in the public domain. Sometimes, I am amused with the way in which the Opposition operates on these things, seeking to get the public’s attention,” Cabinet Secretary Joseph Harmon told a post-cabinet media briefing Thursday.
Harmon has accused the Opposition Leader of taking an “anti-national” stance on the matter, given the fact that he (Jagdeo) wrote a letter to the Government of Norway on August 24, 2016 with regard to its concerns on the lack of inclusivity and transparency.
“We are in fact in engagement with Norway. We are in engagement with IDB. As I speak to you now, a team from the IDB is at the Ministry of Finance discussing these matters. This is one of the issues that will come up in the margins of the UN General Assembly meeting. These matters were elaborated upon in the National Assembly in a select committee where I sat and the Opposition were given full disclosure on all the matters they asked about Norway, about the Green Climate Fund, about the Amaila Falls [project] and it is clear that the decision that was taken was between the Government of Guyana and the Kingdom of Norway was that they would set up an independent assessor to determine whether in fact this is going anywhere,” Harmon clarified.
He said that Norway is still in the process of finalising an assessor. Norwegian company, Norconsult, was selected to review the financial model of the Amaila Falls Project, after which it will be determined whether the controversial project will go ahead.
The Guyana Chronicle had reported last year that Norway is keeping US$80 million of funding from its forest-saving deal with Guyana for the project, but the funds could be diverted to other clean-energy initiatives if the project is deemed impractical, Finance Minister Winston Jordan had said. The governments of Guyana and Norway had agreed that a “once-and-for-all” study should be done to determine the feasibility of the Amaila Falls Hydro Project. In August 2013, the developer of the project, Sithe Global, pulled out saying its development funds hinged on support from all political forces. The current coalition government,then made up of APNU and AFC as separate opposition parties, refused to support the project in the form it was presented, saying it would put the country under a severe debt burden and that there was no guarantee that power from Amaila would have been cheaper for Guyanese.

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HAHAHA  These same SHIT HEADS ran to Norway to stop the whole friggin thing.  I dont have to convince anyone that the PNC and their GNI supporters are not just SHIT HEADS but clueless DUMB SHIT HEADS!!!!!

Nehru
Billy Ram Balgobin posted:

What's more anti-national than using your one seat advantage to stop the project in the first place?

Since when it's anti-national to question the feasibility of the high priced hydro power project,the current Norwegian consulting company Norconsult asked for more time,are there some gray areas???

Django
Django posted:
Billy Ram Balgobin posted:

What's more anti-national than using your one seat advantage to stop the project in the first place?

Since when it's anti-national to question the feasibility of the high priced hydro power project,the current Norwegian consulting company Norconsult asked for more time,are there some gray areas???

Maybe the PNC padded the costs to include some backdoor kickbacks? Maybe another $5 million will be missing?

FM
Nehru posted:

HAHAHA  These same SHIT HEADS ran to Norway to stop the whole friggin thing.  I dont have to convince anyone that the PNC and their GNI supporters are not just SHIT HEADS but clueless DUMB SHIT HEADS!!!!!

If..if you had taken the time to peruse the project,your response would have been different,sheep followers and yes men usually comes up with your type of response.

Django
skeldon_man posted:
Django posted:
Billy Ram Balgobin posted:

What's more anti-national than using your one seat advantage to stop the project in the first place?

Since when it's anti-national to question the feasibility of the high priced hydro power project,the current Norwegian consulting company Norconsult asked for more time,are there some gray areas???

Maybe the PNC padded the costs to include some backdoor kickbacks? Maybe another $5 million will be missing?

Banna how the r@ss they pad  when they objected the original cost and request a review,does not make sense,you confusing tar@ss

Django
Last edited by Django
Django posted:
Nehru posted:

HAHAHA  These same SHIT HEADS ran to Norway to stop the whole friggin thing.  I dont have to convince anyone that the PNC and their GNI supporters are not just SHIT HEADS but clueless DUMB SHIT HEADS!!!!!

If..if you had taken the time to peruse the project,your response would have been different,sheep followers and yes men usually comes up with your type of response.

I expect a GNI SHIT HEAD to have no sense.

Nehru
Django posted:
skeldon_man posted:
Django posted:
Billy Ram Balgobin posted:

What's more anti-national than using your one seat advantage to stop the project in the first place?

Since when it's anti-national to question the feasibility of the high priced hydro power project,the current Norwegian consulting company Norconsult asked for more time,are there some gray areas???

Maybe the PNC padded the costs to include some backdoor kickbacks? Maybe another $5 million will be missing?

Banna how the r@ss they pad  when they objected the original cost and request a review,does not make sense,you confusing tar@ss

THE GRAY AREAS. Your installed govt has been robbing people since day one of installation.

FM
Last edited by Former Member
skeldon_man posted:
Django posted:
skeldon_man posted:
Django posted:
Billy Ram Balgobin posted:

What's more anti-national than using your one seat advantage to stop the project in the first place?

Since when it's anti-national to question the feasibility of the high priced hydro power project,the current Norwegian consulting company Norconsult asked for more time,are there some gray areas???

Maybe the PNC padded the costs to include some backdoor kickbacks? Maybe another $5 million will be missing?

Banna how the r@ss they pad  when they objected the original cost and request a review,does not make sense,you confusing tar@ss

THE GRAY AREAS. Your installed govt is robbing people since day one of installation.

Skelly, these SHIT HEADS are not able to see/know that. They are blind as a Bat and DUMB as a Donkey!!!!!!!!

Nehru
skeldon_man posted:
Django posted:
skeldon_man posted:
Django posted:
Billy Ram Balgobin posted:

What's more anti-national than using your one seat advantage to stop the project in the first place?

Since when it's anti-national to question the feasibility of the high priced hydro power project,the current Norwegian consulting company Norconsult asked for more time,are there some gray areas???

Maybe the PNC padded the costs to include some backdoor kickbacks? Maybe another $5 million will be missing?

Banna how the r@ss they pad  when they objected the original cost and request a review,does not make sense,you confusing tar@ss

THE GRAY AREAS. Your installed govt has been robbing people since day one of installation.

Gov’t signs pact today to repay NIS

FINANCE Minister Winston Jordan today will sign a Debenture Agreement with the National Insurance Scheme (NIS) for an aggregated value of $5,641,431, 475.This sum is to assist the NIS to recover its investment in the Colonial Life Insurance Company (CLICO). The signing will take place at the Ministry of Finance boardroom. Back in August, Jordan had announced that the NIS would receive $5.6B from the Government of Guyana as compensation for the financial loss suffered as a result of an investment made in the now bankrupt Colonial Life Insurance Company (CLICO).
Jordan had disclosed during a media briefing that Cabinet consented to repay NIS through non-negotiable debenture certificates. The repayment would be made over a 20-year period at a fixed interest rate of 1.5 per cent per annum, the principal sum being four billion, eight hundred and eighty-two million, four hundred and forty-six thousand, one hundred and ninety-nine dollars ($4,882,446,199).
He said yearly payments are to begin from January 1, 2017, and at the end of the 20-year period, Government would have paid over five billion, six hundred and fifty-one million, four hundred and thirty-one thousand, four hundred and seventy-five dollars ($5,651,431,475) in terms of principal and interest. “It is the best that the Government can do at the moment, but it is substantially more than NIS would have had if this investment continues to be impaired,” Minister Jordan said.
The decision to repay NIS followed a motion by the People’s National Congress Reform (PNCR), when in opposition, to call upon the then People’s Progressive Party/Civic (PPP/C) government to take all steps necessary to guarantee that policyholders of CLICO Guyana would suffer no financial loss. That motion, moved by then Opposition Leader Robert Corbin and seconded by Winston Murray, sought to have Government give an unequivocal guarantee to all contributors and beneficiaries of the NIS that there would be no consequential loss in benefits to them as a result of CLICO’s bankruptcy; and that the Government, and not contributors, would take up the slack.
Resolution 82, passed by the National Assembly on March 12, 2009, called upon Government to take all necessary steps to ensure that there would be no financial loss to any policyholder or depositor of CLICO (Guyana); and to take all possible actions to secure the investments made in CLICO (Guyana) by the NIS on behalf of contributors and beneficiaries of the Scheme, to prevent any consequential loss in benefits to them. The National Assembly had endorsed the statement by the government of the day, guaranteeing the savings, pensions, investments, and insurance of all investors, depositors, policy holders and contributors of CLICO (Guyana).
The Finance Minister said NIS has been “impaired” as a result of the CLICO situation, and was finding it difficult to provide the beneficiaries with assistance. “NIS investments in CLICO are impaired, with extreme unlikelihood of getting back that money,” Jordan said, adding: “As a result of that impairment…not only NIS, but the beneficiaries in NIS are suffering terribly; because their ability to raise benefits will obviously be constrained by the fact that they don’t have this money, and this money cannot be put to earn additional monies for them.”
The NIS had invested more than $6B in CLICO (Guyana), and CLICO reportedly invested some US$34M in its Bahamian counterpart, which became liquidated. The liquidator of the CLICO (Bahamas) company said in 2010 that, based on a preliminary view of documentation, policies were not issued by CLICO Bahamas, and as such, premiums received from Guyana and Suriname were never paid to the Bahamian company.


 

Read the above.... who was robbing the people ?

Django
Last edited by Django

You always bring up old outdated stories. Why not bring up the story where the PNC upon taking office said there was no money, yet they found abundant surplus to give themselves 50% raises, set aside money for dancing and getting drunk, improvements to homes so they can live in luxury. Whose money they were using then? We are yet unaware how much each of the ministers pocketed before they declare "there was no money left". When you start calling people thieves; look in your own backyard. If the PPP were such kleptomaniacs, why can't this installed government bring anyone to face the court?

FM
Last edited by Former Member
skeldon_man posted:

You always bring up old outdated stories. Why not bring up the story where the PNC upon taking office said there was no money, yet they found abundant surplus to give themselves 50% raises, set aside money for dancing and getting drunk, improvements to homes so they can live in luxury. Whose money they were using then? We are yet unaware how much each of the ministers pocketed before they declare "there was no money left". When you start calling people thieves; look in your own backyard.If the PPP were such kleptomaniacs, why can't this installed government bring anyone to face the court?

Gov’t signs pact today to repay NIS

Django
Django posted:
skeldon_man posted:

You always bring up old outdated stories. Why not bring up the story where the PNC upon taking office said there was no money, yet they found abundant surplus to give themselves 50% raises, set aside money for dancing and getting drunk, improvements to homes so they can live in luxury. Whose money they were using then? We are yet unaware how much each of the ministers pocketed before they declare "there was no money left". When you start calling people thieves; look in your own backyard.If the PPP were such kleptomaniacs, why can't this installed government bring anyone to face the court?

Gov’t signs pact today to repay NIS

This is a lame ass excuse to encourage more theft from the treasury by the current this illegitimate outfit.

FM
skeldon_man posted:
Django posted:
skeldon_man posted:

You always bring up old outdated stories. Why not bring up the story where the PNC upon taking office said there was no money, yet they found abundant surplus to give themselves 50% raises, set aside money for dancing and getting drunk, improvements to homes so they can live in luxury. Whose money they were using then? We are yet unaware how much each of the ministers pocketed before they declare "there was no money left". When you start calling people thieves; look in your own backyard.If the PPP were such kleptomaniacs, why can't this installed government bring anyone to face the court?

Gov’t signs pact today to repay NIS

This is a lame ass excuse to encourage more theft from the treasury by the current this illegitimate outfit.

That's Guyana for you,most of the politicians enrich themselves while blinding the people with flowery language.

Django
Django posted:
skeldon_man posted:
Django posted:
skeldon_man posted:

You always bring up old outdated stories. Why not bring up the story where the PNC upon taking office said there was no money, yet they found abundant surplus to give themselves 50% raises, set aside money for dancing and getting drunk, improvements to homes so they can live in luxury. Whose money they were using then? We are yet unaware how much each of the ministers pocketed before they declare "there was no money left". When you start calling people thieves; look in your own backyard.If the PPP were such kleptomaniacs, why can't this installed government bring anyone to face the court?

Gov’t signs pact today to repay NIS

This is a lame ass excuse to encourage more theft from the treasury by the current this illegitimate outfit.

That's Guyana for you,most of the politicians enrich themselves while blinding the people with flowery language.

HA HA  HA  HA  Sometimes I wonder about people like you.  No wonder you are a PNC supporter. Say hi to caribj and Chief!!!!!!!!!!

Nehru
Nehru posted:
Django posted:

Gov’t signs pact today to repay NIS

This is a lame ass excuse to encourage more theft from the treasury by the current this illegitimate outfit.

That's Guyana for you,most of the politicians enrich themselves while blinding the people with flowery language.

HA HA  HA  HA  Sometimes I wonder about people like you.  No wonder you are a PNC supporter. Say hi to caribj and Chief!!!!!!!!!!

Well bhai my views on politics in the homeland is clear,yours seems to look like muddy water.

Django
Last edited by Django
Drugb posted:

The PNC boys doing the same that they accuse the PPP. They cry that all details are transparent except to the eyes of the PPP and general public.

The project was determined as a feasible one.

The current government when in the opposition at that time visited the project location and were satisfied with the details of its development.

However on return to Georgetown, the opposition then voted against the project and hence issues are where they are now.

The PNC/AFC are now in power and they are "making waves" to revive what they have voted against when in the opposition.

FM
Demerara_Guy posted:
Drugb posted:

The PNC boys doing the same that they accuse the PPP. They cry that all details are transparent except to the eyes of the PPP and general public.

The project was determined as a feasible one.

The current government when in the opposition at that time visited the project location and were satisfied with the details of its development.

However on return to Georgetown, the opposition then voted against the project and hence issues are where they are now.

The PNC/AFC are now in power and they are "making waves" to revive what they have voted against when in the opposition.

Looks like they are tryng to find an excuse to restart the same project that they previously claimed was unfeasible. But I think the damage is already done, they drove away the investors. 

FM
Demerara_Guy posted:
Drugb posted:

The PNC boys doing the same that they accuse the PPP. They cry that all details are transparent except to the eyes of the PPP and general public.

The project was determined as a feasible one.

The current government when in the opposition at that time visited the project location and were satisfied with the details of its development.

However on return to Georgetown, the opposition then voted against the project and hence issues are where they are now.

The PNC/AFC are now in power and they are "making waves" to revive what they have voted against when in the opposition.

And this is one of the reason I say Guyana hAS A donkey gOVT!

Nehru
Demerara_Guy posted:
Drugb posted:

The PNC boys doing the same that they accuse the PPP. They cry that all details are transparent except to the eyes of the PPP and general public.

The project was determined as a feasible one.

The current government when in the opposition at that time visited the project location and were satisfied with the details of its development.

However on return to Georgetown, the opposition then voted against the project and hence issues are where they are now.

The PNC/AFC are now in power and they are "making waves" to revive what they have voted against when in the opposition.

https://guyana.crowdstack.io/topic/im...on-guyana-april-2016

You should take a peek at page 4 in IMF report april 2016,there are some caution.

Django

Mazaruni and Kamaria hydropower projects are indeed feasible.

I was the Specialist Hydropower Engineer specifically involved with the site investigation and reports for those projects.

FM

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