Was Sithe Global’s insistence on raising the loans guarantee ceiling a means of securing a safeguard for the loans that were to be made available to the Amaila Falls hydropower project by the IDB and the Chinese Development Bank (CDB)?
This is the question that was raised by former Auditor General, Anand Goolsarran in Monday’s Stabroek News as part of a series of columns on the Amaila Falls Hydropower project.
Goolsarran raised his question in the light of what he observed in the