Skip to main content

FM
Former Member

GOVERNMENT OF GUYANA - PRESS RELEASE

Written by , Published in News, February 25, 2015, Source - GINA

 

On February 25 a local Non Governmental Organisation issued a press release that tries to attack the progress being made in the Amaila Falls Hydropower Project by drawing incorrect and misleading implications of a recommendation made for Norway’s Pension Fund. The opposition-aligned NGO’s allegation is largely based on a corruption case in China that involves state-owned China Railway Engineering Corporation (CREC). CREC is a parent company of China Railway Group that is in turn a parent company of China Railway First Group, which is the actual partner on the Amaila Falls Project. The main parent company, CREC, is one of the world’s largest firms and has hundreds of subsidiary firms under its umbrella. Therefore, it’s very misleading and nonsensical to draw such a comparison with the partner company of the Amaila Falls Project.

 

The NGO fails to point out that the Amaila Falls Project, by virtue of being developed under the governance of the Inter American Development Bank (IDB), will adhere to the IDB’s strict and internationally recognised standards. As a member of the IDB, the Government of Norway endorses IDB’s policies including its financial and fiduciary safeguards.

 

The integrity concerns raised by the NGO are based on allegations made for projects taking place in China. The safeguard policies for these projects are very different from the strict IDB safeguard policies followed in the Amaila Falls Project.

 

For instance, in the recommendation quoted by the NGO it is stated that

“…The CRG [has not] established a whistleblowing mechanism that allows all employees to give notice of corruption incidents anonymously and without the risk of subsequent sanctions.”

 

Whereas, the IDB has strong mechanisms to protect whistleblowers.

 

The Government of Guyana follows high standards and will continue to defend against baseless attacks that try to derail Guyana’s development.

 

The Amaila Falls Hydropower Project has best in class international partners and is being developed according to the highest standards, and it will deliver transformative social and economic benefits for the people and economy of Guyana. 

 

The Government of Guyana remains fully committed to realising these benefits for all Guyanese.

 

February 25, 2015

Replies sorted oldest to newest

Stalled Amaila Falls hydro project…Norway’s Ethics Council warns of corruption with Chinese company

February 26, 2015 | By | Filed Under News 

Watchdog body, the Guyana Human Rights Association (GHRA), has urged Government to hold public consultations before proceeding with a Chinese firm that has been awarded a contract to build the stalled Amaila Falls Hydro Electric project.

 

https://guyana.crowdstack.io/topic/st...9#439417794741459599

Mitwah
Watchdog body, the Guyana Human Rights Association (GHRA), has urged Government to hold public consultations before proceeding with a Chinese firm that has been awarded a contract to build the stalled Amaila Falls Hydro Electric project.

 

 

Stalled Amaila Falls hydro project…Norway’s Ethics Council warns of corruption with Chinese company,February 26, 2015 | By | Filed Under News

Information in this article are inaccurate and misleading.

FM
Originally Posted by Demerara_Guy:
Watchdog body, the Guyana Human Rights Association (GHRA), has urged Government to hold public consultations before proceeding with a Chinese firm that has been awarded a contract to build the stalled Amaila Falls Hydro Electric project.

 

 

Stalled Amaila Falls hydro project…Norway’s Ethics Council warns of corruption with Chinese company,February 26, 2015 | By | Filed Under News

Information in this article are inaccurate and misleading.

What is inaccurate and misleading? Give specifics.

Mitwah

Norway ethics body blacklists parent  company of proposed Amaila builder

-recommends it be excluded from country’s sovereign fund

 

Norway’s Council on Ethics (CE) has recommended that the parent company of China Railways First Group (CRFG) be excluded from the Scandinavian country’s sovereign fund “due to the unacceptable risk of the company being responsible for gross corruption.”

China Railways First Group is involved in several major multi-billion projects here and was selected to construct the Amaila Falls Hydropower 

 

http://www.stabroeknews.com/20...osed-amaila-builder/

Mitwah

Add Reply

×
×
×
×
×
Link copied to your clipboard.
×
×