AFC leader Khemraj Ramjattan yesterday dubbed Sithe Global’s decision to walk from the Amaila Falls Hydropower Project (AFHP) a “huge disappointment,” while warning of the implications for future investment.
“I am disappointed in the move by Sithe Global. The disappointment is huge… I am crestfallen knowing how difficult it is to find financing,” Ramjattan told Stabroek News, one day after government confirmed that the developer had made the decision to withdraw over AFHP’s failure to win political consensus among the parliamentary parties. “It will have tremendous implications for Guyana as an investment destination. We have to remedy the situation to make investors feel comfortable with the country,” he added.
Sithe Global walked as developer of the US$858.2 million,