‘People of Guyana need to decide if they want Amaila Falls Project’ – Sithe Global President

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Sean Klimczak, Senior Managing Director of Blackstone
Sean Klimczak, Senior Managing Director of Blackstone

As the Amaila Falls debacle continues, President of Sithe Global Brian Kubeck says that the people of the country need to make a decision as to whether or not they want the Amaila Falls Hydro Project, while a Senior Manager of the parent company of Sithe Global is calling for parliamentarians to arrive at a consensus on the project.

At a stakeholders’ meeting today, Wednesday July 31 at the International Conference Center, Mr. Kubeck said that it makes no sense for Sithe Global to invest in this major project if the people do not want it.

The Sithe Global President also pointed out that if the two legislative instruments relating to the project are not supported by the members of Parliament, then the project will meet a dead end.

Additionally, Sean Klimczak, who is Senior Managing Director of Blackstone, which is the parent company of Sithe Global called on the parliamentarians to arrive at a consensus on the project, since it is a good investment for Guyana.

He debunked claims that there was not a competitive bidding process for the project.

According to him, five proposals were received for the power plant in late 2008, followed by another round of negotiations with bidders. Bidders included: China Gezhouba Group Corporation, China National Technical Import and Export Corporation, China Railway Engineering Corporation, CNC India Group and Salini Construction.

Klimczack also pointed out that the company only invests in projects which are least costly to the country.

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