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Guyana endorses US$506M construction deal in China

Kaieteur News: The construction agreement of what would be Guyana’s costliest infrastructural project – the Amaila Falls Hydroelectric Project (AFHEP) – has been signed, government announced yesterday. Construction is expected to start in mid-2013. According to a statement issued by the Government Information Agency (GINA), the Engineering, Procurement and Construction (EPC) agreement for the construction of the Amaila Falls Hydro project and Transmission Line was yesterday executed in Xian, China, by Sithe Global,...

Amaila Falls Hydro Project… Controversy surrounds Sithe Global licence

Kaieteur News: Controversy surrounds the licence Sithe Global says was handed to it by Synergy Holdings, the original developer of the US$700 million Amaila Falls Hydro Electricity Project. Yesterday, Head of the Presidential Secretariat, Dr Roger Luncheon, said that it was a question of semantics whether Sithe Global has an altogether new licence or whether the licence which it now has is the old licence with some amendments. James McGowan, Senior Vice President (Development) at Sithe Global said recently...

Guyana considers implications of new EU’s laws on illegal timber

Kaieteur News: Europe has passed new legislation to counter the flow of illegal timber into its markets. With Guyana last year exporting timber to the tune of US$5M ($1B) to the European Union, the market is one that the country could ill-afford to lose. Next Wednesday, the Forest Products Association of Guyana (FPA) will be holding a workshop with the assistance from the Food and Agricultural Organization (FAO) of the United Nations, to increase awareness of the EU’s Forest Law Enforcement, Governance and Trade...

Cancun forest deal lacks details on financing

Kaieteur News: The UN Climate Summit in Cancun, which ended last weekend, has agreed on a deal that would get rich countries to pay poor countries like Guyana to protect forests, but explicit details on where the money would come from, who will get paid and how the scheme would be monitored were left out. A decision on the forest protection scheme called REDD (Reducing Emissions from Deforestation and Degradation) was highly anticipated in Cancun, and when the meeting ended there was a decision, but not a clear...