Financial Analysts respond to Gouveia on Amaila Falls issue

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Gerry-Gouveia-603x300
Gerry Gouveia

Financial analysts, Chris Ram and Raymond Gaskin has criticised Capt. Gerry Gouveia for not inviting the government to explain their conflicting claims about the virtues of the project or challenge it for underplaying the hydrological, geotechnical and exchange risks associated with it.

In a letter, which appeared in the Sunday’s edition of the Kaieteur News, the duo responded to an open letter from Gouveia, who accused them of killing the Amaila Falls Hydropower Project.

“One must remember that the Government has so far not tabled in the National Assembly any of the critical documents for the project or sought the Assembly’s approval,” stated Ram and Gaskin in their letter.

According to them, the government only presented two peripheral pieces to meet the requirement of a foreign agency.

“Were it not for that demand, the Government would not have come to the National Assembly and the project could have gone the way of the Marriot and slid away quietly and successfully like the camoudie, the two financial analysts said.

Ram and Gaskin stated that it is unfortunate that the entire debate has been shaped by the false premise of Amaila or no Amaila and the falsehood that Amaila is without serious risks.

According to the duo, they are not opposed to hydroelectric power but they are opposed to this particular project as conceptualised and structured.

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