With the support of parliamentarians from the government side and the Alliance for Change (AFC), the Hydro Electric Amendment Bill was passed in the National Assembly this morning, Thursday August 8.
However, a Partnership for National Unity (APNU) did not lend its support to the Bill, while the AFC stated that despite having reservations on the Bill itself, it will still support it.
APNU’s Carl Greenidge stated during the debate that there are still a number of unanswered questions relating to the Bill, which is a key element to the Amaila Falls Hydro Project.
According to Greenidge, there is no guarantee from the IDB that there will be cheaper electricity to the people of Guyana.
According to Greenidge, the feasibility study, nor due diligence has been completed, the design of the project is not finished and the exact location has not been determined as yet.
However, Prime Minister Samuel Hinds said the generation cost would come down from about US23 cents to about US12 cents per kilowatt hour. He added that in the next 20 years when the plant is handed over the cost could come down to as low as three US cents.