Speaking to Guyanese in New York recently, President Donald Rabindranauth Ramotar said, "I am very pleased with the economic progress that our country has made over the past decade, but in order for Guyana to achieve her true potential we need a new, sustained and cost efficient source of electricity. And in my estimation, Hydro is the best source of electricity in the world, and as long as I am president I will never give up on our goals to develop hydroelectricity in Guyana."
Recently the American company Sithe Global pulled out of as project developer of the Amaila Falls Hydro. The Guyana opposition APNU was vehemently opposed to the financial structure of the Sithe proposal.
But President Ramotar had some good news for Guyanese. While in New York attending the 68th session of the United Nations general assembly, he met with president of the Inter American Development bank(IDB), Luis Alberto Moreno.
Mr. Moreno and the IDB indicated to president Ramotar that they were "enthusiastic about providing technical and financial support for reforming the energy in Guyana." The two officials agreed to have technical teams from Guyana and the IDB jointly explore alternative ways to upgrade and diversify the countryโs energy matrix.
President Ramotar is highly confident that hydroelectricity will become a reality in Guyana. "We produce bauxite in Guyana. With a cheaper source of electricity, we can produce aluminum. We can also accommodate other industries involved in processing. Hydroelectricity will take Guyana onto a higher plateau economically."
The president was well received by Guyanese in New York. Many were pleased to hear about the plans the President has for Guyana.
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There you have it folks! Donald "I will never give up on Hydro" Ramotar----New Yorkers were excited to listen to their beloved President.
Rev