Executives of Sithe Global, the developer of the Amaila Falls Hydro Project, are counting on the Inter-American Development Bank (IDB) to provide critical financing for the project.
This follows the decision by the World Bank not to participate, which stupefied officials of the hydro project developer, who said that the institution has always thrown its weight and funds towards similar projects around the world and they cited the most recent case in a project in the Philippines.
The officials are now hoping that financial closure comes soon –by June this year—since further delays could see this present window of locking in a fixed price being closed and increasing the