[www.inewsguyana.com] – Five out of 67 possible sites are currently being assessed by the Inter-American Development Bank (IDB) for the development of hydro-power in Guyana.
The assessment is expected to be completed by May 2016, according to Minister of Public Infrastructure David Patterson, who noted that the five sites are Kamira, Kumu, Tumatumari, Tiger Hill and Amaila.
According to a release, the government will be using $80M from the Norway funds that were set aside for renewable energy development.
“At the end of this process, we will obviously assess them, however we will look to use the $80M in the most acceptable means of renewable energy … but it could be any form of large scale renewable energy – which is the understanding that we have so it’s a process which we are going through, and I think it’s a wise way to go forward,” Minister Patterson stated.
The administration is also working with the Government of Brazil and other interested stakeholders in seeking additional funding for the hydro-power/renewable energy project.
“We are moving ahead, and we working through the Ministry of Foreign Affairs continuing discussions with them. There are other individuals who have MOUs. I think Kumu falls, there is a company that has an MOU with us and it remains to develop that falls, Tumatumari, Moco Moco – we are going out for an expression of interest to resuscitate the Moco Moco hydro falls so we haven’t excluded any project. It’s always a question of time and cost,” the Minister explained.
Renewable energy has been identified as a growth industry and Guyana has an abundance of wind, sun and water.