The AFC initially supported their PNC partner in opposing the Amaila hydro---but once Moses and Khemraj found out that their AFC boss Chairman Nigel Hughes was the Secretary of the company Sithe Global had set up to develop the hydro project, and was slated to receive $3 million(US) once the project received the go ahead----the AFC turned on a dime and supported the project.

GIVE PRAISE TO THE PNC FOR BLOCKING AMAILA---SHAME ON THE CORRUPT AFC.

Rev

RE: THE 250 MILLION GUYANA IS RECEIVING FROM NORWAY BY 2015

* Why doesn't the government use that money as the equity investment in the hydro ?

* The IFC(Int'l Finance Corporation) can be approached to take an equity stake in the project.

* The debt portion of the project can be funded by the Chinese and the IDB.

NO WAY SHOULD SITHE GLOBAL/BLACKSTONE GROUP BE INVOLVED IN THE HYDRO.

Rev

What early morning joke. You said Blackstone is the greatest thing here. 

TK ? Is that you ? You're now posting as JB ?hahaha

Listen! I have praised Blackstone in the past---they are good at what they do.

And had the PNC allowed them to sponsor the Amaila falls project, they would have made out like bandits.

BOTTOM LINE! GUYANA NEEDS HYDRO---BUT THE PROJECT MUST BE FINANCIALLY STRUCTURED TO BENEFIT GUYANA AND GUYANESE NOT BLACKSTONE/SITHE GLOBAL.

Rev

Thief Man. I am not Mr Khemraj although I'm a keen reader of his Stabroek columns etc. Anyhow we agree that the APNU did the right thing. 

ha ha ha ha ha

Nice to see you around TK---you're referring to yourself as Mr. Khemraj, huh ?lol

And yes! The PNC was 100% correct in blocking Sithe Global from sponsoring the Amaila hydro.

Bharat Jagdeo and his cabal must be deeply disappointed----they stood to make tens of millions(US) had Sithe Global developed the hydro.

Rev

Do not kid yourself. Mr Ramotar is part of Jagdeo's cabal.

Well! Jagdeo handpicked Ramotar----so Ramo's loyalty to Jags is understandable.

By the way TK----this is what you wrote in another thread:

"The managers have not yet taken note of the racist bile from one Rev."

Looks like you are harboring some animosity against the highly respected Rev.lol

Rev

I agree with you for a change...this thing was going to bankrupt Guyana...and shame on the AFC for turning around and supporting this after they found out Nigel was going to get mega bucks!

Shame on lots of people in the PPP for supporting this, looks like plenty people were going to get their pockets filled!

Thankfully the APNU put an end to this rip off scheme. 

i see somebody is posting as the rev no way a ppp lowlfe like the real rev will think about the guyanese people before the ppp government 

ha ha ha ha ha

You're shocked, huh warrior bai ?

Listen! The Rev is a man who prides himself in being brutally honest and truthful.

THE PNC RODE TO THE RESCUE OF GUYANA AND GUYANESE AFTER THE CROOKED AND CORRUPT AFC SOLD OUT.

Rev

yes i think the AFC should take a hit for selling out this is what guyana need open and honest politics

To be quite frank---the PNC's stock went up big time.

We all know the PPP boys are feasting on the milk and honey.

But the AFC surprised many---Moses and Khemraj sold out---they only agreed to support amaila after they found out Nigel was secretary to Amaila falls hydro and stood to make $3million US if the project went ahead.

The AFC's stock has plummeted big time.

Listen warrior! You know the Rev supports Ramotar and the PPP----but when I saw the numbers and how Sithe Global would have pillaged Guyana----I said---no way I could support the hydro.

SHAME ON THE PPP FOR ACQUIESCING TO SITHE'S NEFARIOUS HYDRO PROPOSAL---CONGRATS TO THE PNC FOR EXPOSING SITHE GLOBAL.

Rev

You wouldn't recognize what honesty is if its right in front your eyes.

For every project that gets built in Guyana, 10% is set aside for the PPP BOYS.

Take the $200 million(US) Skeldon sugar factory.

10% = 20 million was set aside for Jagdeo and his cabal---with Jagdeo getting the major share.

The Chinese also set aside another 10% for themselves!

So you really had a $160 million dollar project that was bumped up to $200 million.

RE: The Airport project

Same deal---10% has been set aside for the PPP boys---another 10% for the Chinese.

That's the way it is in 3rd world countries like Guyana----the politicians get their cut.

Rev

And that's the "3rd world" arrangement you would like to preserve by keeping your friend Mr Ramotar, right? 

US_of_A, Britain, Canada, European countries, etc..

You are a joker!

If David Granger were to win the presidency in the next election, he too would profit from the 10% arrangement along with millions in moola under the table.

Rev

DG:

I know how much you would like to see the Amaila Hydro developed in Guyana, but I want you to be bluntly honest.

Do you believe that the Sithe Global proposal was the best for Guyana and Guyanese ?

The Rev believes Sithe was out to rape and pillage Guyana and Guyanese----the 19% guaranteed interest on their 150 million investment---that was just the start----they were going to collect fees left, right and center.

And let's not forget the PPP politicians----they were going to make out like bandits.

Rev

The question I would pose to Rev is, which other company or corporation is jumping to invest in any hydro project in Guyana? With Guyana's volatile political atmosphere, any investor would want a high return for investing there.  The risk is too high for companies to only get 10 to 15% return on their investment. There are much safer investments in other more stable nations.

Lame excuse. 

Hydro power plants have been built recently in countries which are more unstable and corrupt than Guyana at less than half the price per megawatt of the Amaila Falls Plant.

As usual the Bgurd troll is a silly troll. Only yesterday SN reported that a TT firm wants to build Hydro and sell to GPL at 5cents per kw. Sithe was selling for 12 cents kw. Bgurd is a liar. The APNU saved the nation. 

BG:

If I were in Blackstone/Sithe Global shoes,  I would also demand the 19%guaranteed return on my 150 million investment along with huge management and advisory fees. I would also make sure that every dime I spent in preparing for the project---cost of feasibility studies + 12 million(US) owed to Jagdeo/Fip Motilall, etc, etc---was added to the overall cost of the project. And let's not forget the $3 million in legal fees that would be gifted to AFC's Nigel Hughes if the project were approved.

BLACKSTONE/SITHE GLOBAL WAS 100% CORRECT TO LOOK OUT FOR BLACKSTONE/SITHEGLOBAL.

But If I am looking for the best interest of Guyana and the Guyanese people, then I would reject the way the Hydro was financially structured by Sithe, even if that means the project never gets built.

Listen! Every Guyanese wants hydro---Hydro would be great for Guyana. But the way Amaila was structured by Sithe Global----it was a humongous rip-off in the making---and had the PNC not blocked the project---Sithe Global would have raped Guyana and the Guyanese people.

The only folks who would have benefitted financially had the hydro been approved would have been Sithe global and Jagdeo and his cabal---corrupt PPP politicians.

It is totally senseless that the Guyana government would in reality be guaranteeing 82% of the funding of the Amaila hydro and only be receiving 40% of the project in the first 20 years---which moron agreed to that scenario ? Brassington ?

ANYWAY THANKS TO THE PNC---SITHE GLOBAL HAS BEEN BURIED.

SO HOW CAN HYDRO BE DEVELOPED IN GUYANA ?

* Guyana will be receiving 250 million from Norway by 2015.

* The 150 million Sithe would have put up----in preferred shares---which pay a guaranteed 19% yearly----the government could invest that 150 million from the Norway 250 in common equity----no guaranteed return.

* Approach the International Finance Corp(IFC)-----this is the private sector arm of the world bank----get the IFC to take an equity stake in the project.

* Check to see if the project qualifies for low interest loans from the world bank----with Guyana no longer a highly indebted poor country---it may not qualify.

* You already have the Chinese putting up 400 million----the IDB was interested in putting up 175 million

The bottom line is the entire hydro project has to be restructured---and the opposition parties(AFC and APNU) must be apprised of what's going on.

THERE MUST BE NO SECRECY!

Of course that would mean that PPP politicians will not get their 10%.

Rev

Mitwah:

Why are you attacking my mother ? I have hit the abuse button and reported you to Amral.

Posters ought not be attacking the mothers of other posters---that is a disgrace.

Rev

Poor cry baby!

I have proven over and over in the past that you are an incorrigible liar and a congenital racist. This ability to lie must come from the one who brought you up. No?

I have no qualms about you referring to the Rev as a liar or racist---but you chose to attack my mother.

My question to Mr. Amral is the following:

Is it OK for Mitwah to insult and denigrate the mother of a fellow poster ?

Rev

I did not. I only made reference. That's within the rules.  Get lost, cry baby.

Mits

you shouldn't tell the man bout his mother...yall should keep family members out of the insults

That's right!

Who would have thunk---The Amaila Falls Hydro project would doom and destroy the Alliance For Change(AFC).

But that's what happened. Moses and Khemraj turned on a dime and supported Amaila after they found out their boss Chairman Nigel Hughes was secretary of the Amaila falls Hydro project and stood to make 3 million US if they project went ahead.

In the end, many high level AFC members chose to defect from the AFC. Soon the AFC will only have Moses and Khemraj---Even Nigel and his wife Cathy will bolt over to APNU.

Rev

guyanese will still need the AFC to balance the scale

The only problem with your theory is that you fail to mention which entity will be leading this project in place of Sithe Global. It appears that you believe that govt should be the lead contractor, and we all know the govt track records with leading any major project. They just don't have the experience with managing such a large project, it is out of their realm of expertise. Especially if we are to believe that they only interested in thieving. hahaha

There are quite a few companies I would recommend as project manager.

Here is one---AECOM:

Hydropower and Dams

http://www.aecom.com/What+We+D.../Hydropower+and+Dams

Like I said---the Sithe proposal was great for Sithe and PPP politicians---but horrible for Guyana and Guyanese.

APNU COMES OUT SMELLING LIKE ROSES IN BLOCKING SITHE.

Rev

Only yesterday a TT firm say they can generate electricity at US 5 cents compared with Amaila's 12. The PPP said it don't want the company.

The PPP want Sithe and only Sithe---because with Sithe as project sponsor the PPP boys will rake in tens of millions(US) in "gifts".

Sithe will make hundreds of millions(US); the PPP politicians will rake in tens of millions(US) and Guyana and the Guyanese people will be royally screwed.

Listen! Just like how Amaila has doomed the AFC----don't be surprised to see APNU use Amaila against the PPP in the next election.

APNU + AFC DESERTERS = Potential Shocker in Next Election.

Many loyal PPP supporters will be displeased by the above comment.

Rev

Rev, I see you have been listening.  The PPP will be in the joint opposition next election.

They will indeed be shocked and bewildered at loosing the election with a reduced number of seats.

You have some evidence of this that the PPP only entertain Sithe? You obviously are ill informed about the Amelia falls project. Fip Motilala was awarded the contract via a competitive bid process. He then sold the rights to Sithe, where was the ppp involved in this decision? You present yourself as a knowledgeable person when in fact you are just as ignorant as the pedophile crew led by Mitjuanita.

‘Fip’ Motilall secures US$12M for selling hydropower licence to Sithe Global

JANUARY 29, 2012 | BY KNEWS | FILED UNDER NEWS 

 
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

Makeshwar ‘Fip’ Motilall

Plant but after failing to secure financiers to back the project, was forced to sell his licence to Sithe Global.
A recent visit to Guyana by the top brass of Sithe Global, including its Chief Executive Officer Bruce Wrobel, afforded a chance for an answer to be had to the cost of the licence to Sithe Global.
Apart from disclosing Sithe Global’s rate of return on its US$152M investment in the hydroelectric project is 19 per cent, Wrobel also disclosed that Motilall will be walking away with some US$12M for flipping his licence to that company.