President of Sithe Global, Brian Kubeck says that the company would be communicating its position on whether or not it will continue its involvement in the Amaila Falls Hydro project today and declined to give any indication of what direction its decision may take.
Kubeck was yesterday asked by Stabroek News his company’s position given the passage on Wednesday in Parliament of the Hydro Power Amendment Bill and the adoption yesterday of a motion to raise the limit on borrowing by public corporations and companies. Sithe had said these matters needed to be supported by all three parties in parliament to continue its investment here but only two gave their
blessing. The main opposition APNU voted against. Sithe Global, a subsidiary of the Blackstone Group,