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–    Argentine consultants did feasibility study The Guyana Government has for the first time made public the name of the company it says it contracted to conduct an “Economic and Financial Evaluation Study” for the Amaila Falls Project.”The National Industrial and Commercial Investments Limited (NICIL) yesterday said that Argentina-based,Detroit Tigers Victor Martinez Jersey, Mercados Energéticos Consultores,New York Mets Neil Walker Jersey, had been hired in 2009 to assess the project and that its report had been passed on to the political opposition on a confidential basis.APNU’s Carl Greenidge addressing the gathering yesterday.According to a NICIL statement yesterday,Los Angeles Dodgers Scott Kazmir Jersey, the consultancy company found that the Amaila Falls Hydro Electric Project would provide a rate of return of 33 per cent as well as reducing the average supply cost of the Guyana Power and Light Inc. (GPL).The release of the name of the company that did the feasibility study for the Amaila Falls Project coincided with a symposium held by the Working People’s Alliance (WPA) with input from A Partnership for National Unity (APNU).At that Forum,Toronto Blue Jays Roger Clemens Jersey, former Finance Minister, Carl Greenidge with the support of Professor Clive Thomas opined that the project had been ill-conceived from the beginning.“Amaila has to be part of a bigger system,Toronto Blue Jays Paul Molitor Jersey,” Greenidge stated.According to the former Finance Minister, the project should never have been a stand-alone project and instead should have been one in a cluster of hydro projects that would utilize the extremely costly transmission line that would feed the electricity from the interior to the national grid.Professor Thomas reminded of the fact that by 2019 the demand for electricity would outstrip the supply from Amaila. This,Texas Rangers Shin-Soo Choo Jersey, he said,San Francisco Giants Brandon Crawford Jersey, would inherently drive up the cost charged to the consumer on top of the excessively high cost to build the project.The 165MW Amaila Falls Hydro Electric project – as currently proposed – stands at US$858M or US$5.1M per megawatt.According to Greenidge, “we have a responsibility to ensure that the capital cost of the project is as lowest as possible.”NICIL yesterday said that in the feasibility study conducted by the Argentine Company was conducted by “an expert team of energy sector specialists.” These specialists, according to NICIL,Boston Red Sox David Price Jersey, sought to evaluate the economic profitability of the Amaila project for GPL and ensure the supply of power would be consistent with GPL’s medium and long-term demand projections.It said that while the report’s conclusions date back to 2008 and 2009, the fundamentals of the economic profitability are more pronounced today in a high-fuel cost environment.The Mercados Energéticos Consultores report evaluated the Amaila project against oil prices of US$75 a barrel while, fuel prices today are significantly higher.A section of the audience at the symposium.NICIL says too that, the report’s findings that the Amaila project would bring structural benefits to GPL, is the optimal low-cost generation solution and is economically profitable for Guyana were key factors in assessing the merits of moving forward with the development of the Amaila transaction.The NICIL statement lamented that despite numerous consultations with the joint Opposition,Chicago Cubs Anthony Rizzo Jersey, access and availability of confidential information for many months and incontrovertible facts showing the economic benefits of the Amaila project, APNU still denied the advantages of cheaper and reliable hydropower to the people of Guyana.