14 charged with obstructing traffic -- as residents protest deplorable state of Linden/ Kwakwani road -- repairs to start within one week.

…for interior folks

Emboldened by his PNC promotion after the Linden road blockage, Sharma Solomon is at it again in Ituni-Kwakwani. Expect this lawlessness to spread…

School on fire: A sad reminder of APNU/AFC destruction.

PNC thugs lawless behavior exhibited here. Young black men and women were laying on wooden planks obstructing traffic. They were all laughing for the camera as though it was funny. This is how APNU/AFC intended to run Guyana. Granger will not advise them to get an education to be gainfully employed, but he will encourage them to riot, burn down school and to be destructive. 

AFC Crab Dawgs are in bed with the PNC stray dawgs. These AFC/PNC stray dawgs are detrimental to the future of Guyana. 

Ewe-Gee ......will dem Crab Louse and @untymen

still cuss the AFC,

yuh think Kwame and De Pundit

Bamboo Wedding gon fool....

 De Hindus, De Indians or De Guyanese....

Look how nice Kwame look

Bhai De Pundit Lucky

It seem like you only have one answer for everything. It's called lack of vision. 

and we know this answer

is de truth..... and um... 

hurting you.....real bad

Only a Crab Louse or @untymen

will forget who Kwame is,

Look how nice Kwame look

Bhai De Pundit Lucky

Three short years will reach you in the same state of ignorance. 

The Guyanese populace are seeing the true colors of the AFC Cabal...

Quote Councie : The Guyanese populace are seeing the true colors of the Cabal...

https://guyana.crowdstack.io/topic/ca...nsed-gun-andamp-ammo

Hughes and Hydro:
I have no doubt that the disclosure that Mr. Nigel Hughes functioned simultaneously as chairman for the Alliance For Change and the Company Secretary for Amaila Hydroelectric Project Inc. is a shock from which many have not yet recovered. His decision to resign from the party rather than the company must have bewildered his supporters more than anything else. The fact that his leader disclaims knowledge of his dual role speaks volumes. To whom did he make his alleged disclosure that he is the company secretary for Amaila Hydro Electric Project Inc. when his leader is unaware, is indeed a million dollar question. Certainly, the disclosure was not made public and only that could have possibly dissipated the impregnable conflict of interest which he eventually admitted. Alas, this public disclosure is almost four years late.

Office of the President driver arrested with unlicensed gun, ammo

• Thursday, 05 September 2013 11:27

• Published in Latest News

THE HEIST OF GUYANA

This is childish behavior to keep repeating yourself. 

Sithe Global would have recovered total investment in five years

…and 15 years of profits-Anand Goolsarran

At a 19 per cent rate of return, Sithe Global, the company contracted to develop the Amaila Falls Hydro Electric Project, would have recovered its total investment of US$157M, within five years time, and this is ignoring inflation.
Former Auditor General of Guyana, Anand Goolsarran, in an invited comment regarding the repayment arrangement to Sithe Global, said that for the remaining 15 years of its operations in Guyana, all of the payments it would have received would have been profits.
He calculated this to work out at US$447.45 million.

Former Auditor General of Guyana, Anand Goolsarran

According to Goolsarran, over the 20-year period, Sithe’s return on investment of US$157M would have been US$596.6 million.
He said that as a percentage of the original investment, “this works out to 380 per cent over the 20-year period.”
Goolsarran said that the return on investment of 19 per cent “appears too high” given that most of the financial risks were covered by the Power Purchase Agreement, which was also backed by a Government guarantee.
He said that Guyana Power and Light (GPL) has also pledged all of its assets as a security for its payments, including all receivables derived from the sale of electricity to consumers.
Goolsarran also said that it needs to be borne in mind that at the end of the 20-year period, Amaila Falls Hydro Inc. would have accumulated significant assets, other than the actual infrastructure works which would have been handed over to the Government.
He explained that as a preference shareholder, Sithe Global, would be entitled to its 60 per cent share of such assets as a priority over the ordinary shareholder which is the Government of Guyana.
The former Attorney General explained that there are two main types of equity investments: ordinary shares, and preference shares.
He said that for its return on investment, ordinary shareholders receive dividends when profits are made and dividends declared.
In contrast, preference shareholders receive a fixed rate of return regardless of whether the company has made a profit or not.
“Preference shares are a half-way house between loans and ordinary shares…The main difference is that there is no periodic repayment of the investment.”
He said that should the company have to ‘wind up,’ preference shareholders will be given priority in terms of the distribution of the proceeds arising out of the liquidation.
Goolsaran did caution that “there was no mention of Sithe Global being a preference shareholder in any of the documents I have seen.”
This status of the company had been attributed by Financial Analyst, Christopher Ram, who in his writings had said the public might have been led to believe that Sithe Global is an equity investor when, “in fact Sithe Global was allowed to design the project documents so that the repayment of its cash and in-kind investment would be effected through the monthly all-in charge to be paid by GPL.”
He concluded that “Sithe (Global) then is not an equity shareholder but the holder of redeemable preference shares enjoying total control of all aspects of a project.”