Prime Minister Samuel Hinds said contractors attached to the Amaila Falls Hydropower project who failed to meet agreement terms on the road project will soon be reassessed.
Earlier this year, government terminated the initial contract it had with Synergy Holdings after it failed to honour the terms of a completion agreement. Subsequently, the project was broken up into lots and re-tendered, a press release from the Government Information Agency (GINA) said.
Toolsie Persaud Quarries Inc was awarded the contract to build the Kurupukari junction. It also holds the contract for section four, while section five was allocated to Ivor Allen.
Government is vigorously pursuing the project “on the basis that it would significantly reduce Guyana’s US$350 million fuel import bill and minimise the impact of fuel price movement on the cost of generating power,” GINA said.
The project is expected to provide over 140 megawatts of electricity. It will be located along the Kuribrong River in Potaro, Region Eight.
In September, the Engineering, Procurement and Construction agreement (EPC) valued at US$506M in Xian, China was signed by Bruce Wrobel, CEO of Sithe Global and Dr Sun Yonggang, Chairman of China Railway First Group (CRFG) for the construction of the Amaila Falls Hydro project and Transmission Line.
