The developer of the Amaila Falls Hydroelectric Plant (AFHEP) yesterday admitted that there may be delays in securing financing for the project.
The announcement was made by Senior Vice President of Sithe Global LLC Rafael Herz during a media briefing at the Pegasus Hotel, where he also said that the plant would generate an additional 11 megawatts (MW) of power, increasing the total capacity to 165 MW at possibly no significant increase in construction cost.
Currently, Sithe Global is still in the process of finalizing funding for the project and Herz admitted that this is a complex undertaking: “We are currently foreseeing potentially also some delays in ultimately obtaining the financing because it takes [some] time and things have to come together.” He, however, noted that the release of the Environmental and Social Impact