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FM
Former Member

Opposition given ample opportunity to scrutinise Amaila information - Now using information opportunistically

 

Minister of Finance Dr. Ashni Singh is expressing unease that the joint Opposition over the last 18 months, failed to raise any follow up questions or presentations regarding the Amaila Falls Hydro Power (AFHP) project.

 

“We had three technical presentations-first in March 2012, then in March 2013, then in June 2013; we shared the three major agreements for the transaction along with the legislation; we had visits to the road; we had the Caribbean Country Director for the IDB meet the Opposition on July 17; we had the debate on July 18.”

 

Despite President Ramotar requesting questions and offering to have advisors answer questions, the joint Opposition did not raise any or seek answers outside of these discussions.

 

Amaila Falls is being progressed as a public-private partnership.  But first and foremost, this is a private sector led project, and much of the information is commercially sensitive and confidential until the transaction is finalised.  Since the Opposition voted against the project, confidential information provided only to the Opposition is now being disseminated opportunistically.”

 

On July 18, 2013 the GoG debated in the National Assembly, a necessary amendment to the Hydro-Electric Bill and a motion to increase the debt ceiling to facilitate the funding and development of the Amaila Hydro Power Project. The Opposition did not explain their decision to vote against these matters or even participate in the debate.

 

Since the legislative actions were rejected, it is disappointing to see information that was only provided to the joint Opposition during consultations now making its way into the public domain.

 

These documents remain private and confidential as they are the property of a private company which has chosen to work with the GoG and the joint Opposition to see this project to fruition. Such actions will result in major international investors being more cautious in the future about sharing sensitive information with the GoG for fear that it can be made public at any time during negotiations. If investors cannot trust the leaders of a nation to respect the confidentiality of sensitive information, how can they gain confidence in investing in Guyana?

 

The GoG will have a follow up engagement on Wednesday, July 31 at 3p.m at the Guyana International Conference Centre, Liliendaal where both Sithe Global and the GoG will provide a technical presentation on the project and respond to questions posed by the public.

 

(Government of Guyana Release July 29, 2013)

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The figures don't add up. Scrutiny of the information has highlighted severe irregularities. If the PPP financial advisers can't see the errors then that says a lot about the economic policies of the PPP. 19% interest on a loan from Sith is a typical example of financial embezzlement. Only credit card companies ask for such kind of interest rates. History has no account of any project anywhere in the world of this scale commanding an interest repayment of such an outrageously large nature. It's the first glaring indication that this project is all a scam.

Mr.T
Originally Posted by Mr.T:

The figures don't add up. Scrutiny of the information has highlighted severe irregularities. If the PPP financial advisers can't see the errors then that says a lot about the economic policies of the PPP. 19% interest on a loan from Sith is a typical example of financial embezzlement. Only credit card companies ask for such kind of interest rates. History has no account of any project anywhere in the world of this scale commanding an interest repayment of such an outrageously large nature. It's the first glaring indication that this project is all a scam.

Are you just throwing to see what sticks?

FM
Originally Posted by baseman:
Originally Posted by Mr.T:

The figures don't add up. Scrutiny of the information has highlighted severe irregularities. If the PPP financial advisers can't see the errors then that says a lot about the economic policies of the PPP. 19% interest on a loan from Sith is a typical example of financial embezzlement. Only credit card companies ask for such kind of interest rates. History has no account of any project anywhere in the world of this scale commanding an interest repayment of such an outrageously large nature. It's the first glaring indication that this project is all a scam.

Are you just throwing to see what sticks?

The numbers don't lie and they are not made up by the opposition...almost 3 times average and normal cost it is "glaring indication that this project is all a scam".

sachin_05
Originally Posted by baseman:
Originally Posted by Mr.T:

The figures don't add up. Scrutiny of the information has highlighted severe irregularities. If the PPP financial advisers can't see the errors then that says a lot about the economic policies of the PPP. 19% interest on a loan from Sith is a typical example of financial embezzlement. Only credit card companies ask for such kind of interest rates. History has no account of any project anywhere in the world of this scale commanding an interest repayment of such an outrageously large nature. It's the first glaring indication that this project is all a scam.

Are you just throwing to see what sticks?

Are you in denial that this project is a scam?

Mitwah
Originally Posted by Mr.T:

The figures don't add up. Scrutiny of the information has highlighted severe irregularities. If the PPP financial advisers can't see the errors then that says a lot about the economic policies of the PPP. 19% interest on a loan from Sith is a typical example of financial embezzlement. Only credit card companies ask for such kind of interest rates. History has no account of any project anywhere in the world of this scale commanding an interest repayment of such an outrageously large nature. It's the first glaring indication that this project is all a scam.


You still think 1+1 is 11.

Nehru
Originally Posted by Conscience:

The joint opposition has turn the hydro project into a political football, much to the displeasure of the Guyanese populace

The opposition is saving the Guyanese people money.

FM
Originally Posted by Conscience:

The joint opposition has turn the hydro project into a political football, much to the displeasure of the Guyanese populace

The Guyanese Populace sees this project as another scam on the tax payers and future generations.

Mitwah

Amaila Falls Project flawed, represents waste, mismanagement

July 30, 2013 | By | Filed Under News 

 

Professor Clive Thomas has come out to discredit Guyana’s largest financial undertaking—the Amaila Falls Hydro Project (AFHP.)
He identified numerous shortcomings and discrepancies linked to the Amaila Falls project. Professor Thomas advised that “painful as it may be, it is better to get out of flawed business deals sooner rather than later.”
He said that if the private sector is as enamored as it says about the profitability of this government project, it should stand the cost; such a shaky project should not be the burden of taxpayers.

Mitwah

“We had three technical presentations-first in March 2012, then in March 2013, then in June 2013; we shared the three major agreements for the transaction along with the legislation; we had visits to the road; we had the Caribbean Country Director for the IDB meet the Opposition on July 17; we had the debate on July 18.”

 

Despite President Ramotar requesting questions and offering to have advisors answer questions, the joint Opposition did not raise any or seek answers outside of these discussions.

 

Amaila Falls is being progressed as a public-private partnership.  But first and foremost, this is a private sector led project, and much of the information is commercially sensitive and confidential until the transaction is finalised.  Since the Opposition voted against the project, confidential information provided only to the Opposition is now being disseminated opportunistically.”

FM
Originally Posted by Conscience:

“We had three technical presentations-first in March 2012, then in March 2013, then in June 2013; we shared the three major agreements for the transaction along with the legislation; we had visits to the road; we had the Caribbean Country Director for the IDB meet the Opposition on July 17; we had the debate on July 18.”

 

Despite President Ramotar requesting questions and offering to have advisors answer questions, the joint Opposition did not raise any or seek answers outside of these discussions.

 

Amaila Falls is being progressed as a public-private partnership.  But first and foremost, this is a private sector led project, and much of the information is commercially sensitive and confidential until the transaction is finalised.  Since the Opposition voted against the project, confidential information provided only to the Opposition is now being disseminated opportunistically.”

What would you say to the folks who present the numbers which show Amalia project is more than twice the average and customary cost per megawatt for projects around the world?   

sachin_05
Originally Posted by sachin_05:
What would you say to the folks who present the numbers which show Amalia project is more than twice the average and customary cost per megawatt for projects around the world?   

One must look at the review(s) which compare the projects with their apt components, rather than those who simply view them from a glossary perspective.

FM
Originally Posted by Conscience:

Ask Cathy, she was the hydro project PR consultant, she allegedly fleeced millions of the tax-payers money for that post

Would you agree that the joint opposition uses their better judgement when they use the  numbers instead of Cathy's opinion to vote on the bill? 

sachin_05
Originally Posted by Demerara_Guy:
Originally Posted by sachin_05:
What would you say to the folks who present the numbers which show Amalia project is more than twice the average and customary cost per megawatt for projects around the world?   

One must look at the review(s) which compare the projects with their apt components, rather than those who simply view them from a glossary perspective.

I am ex navy Radar engineer and never uses "apt components" or "glossary perspective" that must be a PNC thingy I guess...

sachin_05
Originally Posted by sachin_05:
Originally Posted by Demerara_Guy:
Originally Posted by sachin_05:
What would you say to the folks who present the numbers which show Amalia project is more than twice the average and customary cost per megawatt for projects around the world?   

One must look at the review(s) which compare the projects with their apt components, rather than those who simply view them from a glossary perspective.

I am ex navy Radar engineer and never uses "apt components" or "glossary perspective" that must be a PNC thingy I guess...

Your choice to seek answer(s) from any PNC individual.

 

Never my concern nor interest.

FM
Originally Posted by Demerara_Guy:
Originally Posted by sachin_05:
What would you say to the folks who present the numbers which show Amalia project is more than twice the average and customary cost per megawatt for projects around the world?   

One must look at the review(s) which compare the projects with their apt components, rather than those who simply view them from a glossary perspective.

 

Those words are used wrongly. They have no place in the engineer's lexicon. 

FM
Originally Posted by Conscience:

Cathy should disclose to the Parliament how much money she allegedly fleeced from the Hydro project, to date she hasn't broke her silence...come clean cathy

Would you agree that the joint opposition uses their better judgement when they use the  numbers instead of Cathy's opinion to vote on the bill?

sachin_05
Originally Posted by Conscience:

Cathy should disclose to the Parliament how much money she allegedly fleeced from the Hydro project, to date she hasn't broke her silence...come clean cathy

The Minister of government who bought a land rover for 150 thousand US dollars should also be held to similar standard. 

FM
Originally Posted by Demerara_Guy:
Originally Posted by sachin_05:
Originally Posted by Demerara_Guy:
Originally Posted by sachin_05:
What would you say to the folks who present the numbers which show Amalia project is more than twice the average and customary cost per megawatt for projects around the world?   

One must look at the review(s) which compare the projects with their apt components, rather than those who simply view them from a glossary perspective.

I am ex navy Radar engineer and never uses "apt components" or "glossary perspective" that must be a PNC thingy I guess...

Your choice to seek answer(s) from any PNC individual.

 

Never my concern nor interest.

I actually google the term glossary perspective and got "10,500,000 results  (0.26 seconds)" but could not found the term "glossary perspective" in 10.5 million search result...so my only other option would be to contact the PNC who create it?

sachin_05
Originally Posted by Conscience:

Cathy should refund the tax payers money, its alleged she collected millions of tax payers money as PR consultant to the hydro project...

conman is Cathy working for the government 

FM
Originally Posted by Conscience:

Cathy should refund the tax payers money, its alleged she collected millions of tax payers money as PR consultant to the hydro project...

Stop shooting yourself in the foot councie boy...you are just validating the PPP incompetence  by saying that they use Cathy's opinion instead of numbers  to spend tax dollars..

sachin_05
Cathy Hughes splitting hairs : …says Attorney GeneralPDFPrintE-mail
  
 

Attorney General and Minister of Legal Affairs Mr. Anil Nandlall has responded to statements made yesterday by Opposition MP Cathy Hughes in which she denies being Public Relations Officer for Synergy.

However, Mr. Nandlall is contending that her Video Mega Productions was involved in public relations work for the Amaila Project, Sithe Global and Synergy, and so she could hardly deny her involvement in the process.
Following is a statement issued by Mr. Nandlall last evening:

“I wish to respond and I resolutely maintain that a business of Cathy Hughes, known as Video Mega Productions, was hired to do public relations work for the Amaila Falls Project, Sithe Global and Synergy.
In this regard, an interview was done with Mr. Fip Motilall in which he spoke extensively about the project and his involvement in the project; also, other promotional work was done by Cathy Hughes’s public relations outfit in respect of the same hydro project.
These materials were aired on television, and were extensively published in the newspapers.
Why there is now an attempt to deny these facts of public notoriety is indeed bewildering.”
Mr. Nandlall pointed out that though Mrs. Hughes was not personally employed as PRO at the company, her public relations business worked on behalf of the company .
“And so she is in fact splitting hairs,” Mr. Nandlall concluded

FM

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