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…APNU’s objections were never addressed by Govt. – Greenidge The future of the Amaila Falls Hydro Electric Project remains uncertain and while President Donald Ramotar has assured that Government will try its best to keep the project alive,Julian Edelman Patriots Jersey UK, there are still a number of critical questions that remain unanswered, even as the project developers have decided to withdraw.APNU’s Financial Spokesperson, Carl GreenidgeSithe Global, the developers who acquired the licence for the project from Makeswhar ‘Fip’ Motilall’s Synergy Holdings Inc, yesterday officially announced that they are pulling out from the project.The Company said that this was being done because there was not unanimous support from all three of the political parties in Parliament.“We today, reluctantly announce our withdrawal from the project,â€� a statement from Sithe Global indicated.According to the statement, the project was supported by the Alliance for Change (AFC), the People’s Progressive Party Civic (PPP/C) and all non-partisan organizations that reviewed the project.“However it was not supported unanimously by all three political parties, a necessary prerequisite to the project receiving international funds required to complete it.â€�According to Sithe Global,Dwight Freeney Falcons Jersey UK, at present the project cannot move forward, despite 16 years of work and over US$16M of independent Sithe Global expenditure and more than US$15M of Government expenditure.“While our efforts have come to a close, we again take this opportunity to thank you the people of Guyana for your full consideration of the Amaila Falls Hydro Electric Project.â€�A Partnership for National Unity (APNU)’s Financial Spokesperson Carl Greenidge, in light of the formal announcement by Sithe Global, yesterday told this publication that the party was opposed to the project on a principled position.According to Greenidge, none of the objections raised by the party was addressed by the government. He said that Government was quite aware of Sithe Global’s concerns as it was of the opposition’s, regarding the project, but despite this it did not address them, hence the decision to vote against it.Greenidge said that the project was badly designed in the first place, along with being the most costly anywhere in the world.In relation to the design,Mohamed Sanu Sr Falcons Jersey UK, Greenidge said that when it was initially being mulled in the early 1990s, the reservoir and river basin were supposed to have been built to accommodate a number of hydro plants.According to Greenidge, ever since the government linked up with Makeswhar ‘Fip’ Motilall’s Synergy Holdings Inc,Pittsburgh Steelers Jersey UK, this idea was discarded and the administration went ahead with designing the single hydro power project.Greenidge said that the package that saw the project costing in excess of US$300M servicing financing for the project was also questionable. He said that when APNU attempted to solicit information from the Inter-American Development Bank (IDB) regarding the package, the part was informed that Sithe Global was its client and as such it could not pass on the information to APNU.Greenidge said, too,Rocky Bleier Steelers Jersey UK, that when the party attempted to garner information on what exactly the final tariff would be, this proved to be a futile undertaking. He said that APNU was concerned with what the final tariff would be to the average consumer,James White Patriots Jersey UK, but in requesting answers, they were being told about the amount for which Sithe Global would supply electricity to GPL.In the absence of a finalized Power Purchase Agreement between Amaila Falls Hydro Inc, and the GPL, it remains largely guesswork as to whether the electricity tariff would have been reduced.Chartered Accountant Christopher Ram, who had been a vocal critic of the project and its cost, has informed this publication that while he has managed to secure an engagement with GPL regarding many of the queries he has, these are yet to be resolved.He indicated that this past week he held an initial but extensive engagement with Chairman of the Board of Directors of GPL, Winston Brassington, along with his “two Amaila technical advisers and Kit Nascimento and the Public Relations agent of GPL, on the scores of concerns I have had with the project.â€�According to Ram, at the end of that session it was agreed that they would meet again and in anticipation of that,Le Veon Bell Steelers Jersey UK, he has since forwarded a number of questions to Brassington.“I had given an undertaking that I would reserve further statements on the project pending the meeting with Brassington and his team…Accordingly,Bart Starr Packers Jersey UK, I am withholding any comments on the announcement of Sithe’s withdrawal from the project.â€�Meanwhile, President Ramotar in an address to the nation said “we will work hard to try to do what we can to save this project and also try to expand it… try to get this project on stream because it of importance to the development of the country.â€�The president said that government was warning about this all along, noting that they presented all the information requested to the Parliamentary parties, and the private sector was engaged on the issue.During the past week’s marathon session of the sitting of the National Assembly,Jared Cook Packers Jersey UK, APNU voted against the Hydro Electric Bill as well as the motion to raise the debt ceiling guarantee for public corporations.The proposed changes in the legislation were approved through a majority vote when the AFC tossed in its support for the US$858M project.It had however amended the debt ceiling motion capping the government’s request to that of $50B instead of the original $150B initially requested.